Despite Bitcoin recently reaching an all-time high, the market may still face unexpected pullbacks.
Recently, Bitcoin surged to nearly $112,000, triggering a surge in market enthusiasm, but the bullish celebration may be nearing its end. From the recent daily trends, the K-line has frequently shown long upper shadows, indicating increased selling pressure at high levels, and the price is gradually retracing its gains, with signs of weakening in the technical aspect.
Bitcoin has currently fallen below $110,000, with trading volume also decreasing, indicating that bullish momentum is fading. At the same time, the RSI indicator has also retreated from the overbought range, suggesting a potential deep adjustment. If the price breaks below the support range of $107,000 to $108,000, it may test the previous key breakout point of $102,000. Once this level is lost, the pullback may intensify.
Moreover, macro-level uncertainties will further amplify the risks of technical downturns. For the current market, Bitcoin stands at a critical point between bulls and bears.
On June 1, 2025, the EU will impose a new 50% tariff on goods imported from the EU. This move aims to address the so-called trade imbalance issue and may trigger a new round of economic retaliation from EU countries. This increases the uncertainty surrounding global risk assets like cryptocurrencies and raises the likelihood of capital fleeing from unstable markets.
The current global tariff war situation could impact market liquidity and weaken institutional investors' interest in high-risk assets. Once capital flows back to safe-haven assets or traditional markets experience increased volatility, Bitcoin's characteristics as a risk asset will make it difficult to stand out.
Especially in the current speculation-driven upward structure, Bitcoin is particularly sensitive to external shocks, and the potential risk of pullbacks cannot be ignored. Technically, the trend has shown signs of fatigue, with trading volume continuously shrinking, compounded by escalating macro trade tensions, which could become the last straw that breaks the market. The key support level remains at $102,000; once broken, it will shatter market fantasies of new highs and trigger deeper adjustments. Traders need to be highly vigilant about the gains and losses at this position.
XRP is ready to fight.
As Bitcoin continues to dominate and venture into new markets, XRP seems to be lagging behind, failing to keep up with the optimistic sentiment that is driving the overall rise of the cryptocurrency market. Although XRP's price has technically regained key moving averages and broken through a downward channel, its upward momentum has stalled, especially in stark contrast to Bitcoin's strong rebound.
Despite XRP maintaining a certain bullish structure, the overall momentum is weak. The current price hovers around $2.45, forming short-term support in the $2.30 to $2.35 range. Although the price has successfully broken through the 100-day and 200-day moving averages, the trend still lacks firmness, and market sentiment is cautious. The RSI is in the neutral zone, and trading volume has not effectively increased, lacking the momentum to sustain a continued price rise.
On the other hand, the continued rise of Bitcoin's dominance suppresses XRP. Current funds are concentrated in Bitcoin, weakening the performance space of altcoins. XRP struggles to maintain its gains after a breakout, while Bitcoin continues to set new highs around $111,000, further widening the gap in funding attention.
Many Layer 1 and DeFi tokens have lagged, failing to maintain breakouts or gain momentum. Due to regulatory burdens and unstable on-chain indicators, XRP is not the biggest beneficiary in the current risk appetite cycle, and Bitcoin's appeal has also suppressed the altcoin's peak narrative. Unless BTC's price stabilizes and its dominance declines, XRP may continue to lag behind. Currently, XRP is still on the edge of a bull market, but this could change with strong growth in trading volume and a price rebound to $2.60.
Solana smells the scent of $200.
As Solana's price rises to $186 and approaches the important psychological level of $200, it clearly shows new upward momentum. The asset recently broke through a short-term consolidation pattern, confirming the strength of the local upward trend. More importantly, if the right conditions arise, technical indicators begin to signal potential support for the next round of increases.
The breakthrough of the 26-day moving average above several important moving averages (such as the 50-day and 100-day moving averages) is one of the most convincing trends. Although not a traditional golden cross, this crossover is still an important indicator of local momentum enhancement. It demonstrates the strengthening of short-term strength and bullish sentiment, which may lay the foundation for a long-term rise to $200.
Despite short-term trends showing strong momentum, Solana’s long-term structure still raises concerns. The current price is far above the 200-day moving average and other key long-cycle indicators, indicating that the rise has not yet gained comprehensive technical confirmation. Until these lagging moving averages move up and approach spot prices, the overall trend may still be limited.
If momentum continues to be released, the $200 level is likely to be smoothly broken, marking the start of a larger market trend. However, whether it can hold above that level will depend on the follow-up of long-term support levels. Traders should focus on changes in trading volume and trend signals at this time, avoiding blind chasing of highs and waiting for clearer trend confirmations.
Despite Bitcoin recently reaching an all-time high, the market may still face unexpected pullbacks.
Recently, Bitcoin surged to nearly $112,000, triggering a surge in market enthusiasm, but the bullish celebration may be nearing its end. From the recent daily trends, the K-line has frequently shown long upper shadows, indicating increased selling pressure at high levels, and the price is gradually retracing its gains, with signs of weakening in the technical aspect.
Bitcoin has currently fallen below $110,000, with trading volume also decreasing, indicating that bullish momentum is fading. At the same time, the RSI indicator has also retreated from the overbought range, suggesting a potential deep adjustment. If the price breaks below the support range of $107,000 to $108,000, it may test the previous key breakout point of $102,000. Once this level is lost, the pullback may intensify.
Moreover, macro-level uncertainties will further amplify the risks of technical downturns. For the current market, Bitcoin stands at a critical point between bulls and bears.
On June 1, 2025, the EU will impose a new 50% tariff on goods imported from the EU. This move aims to address the so-called trade imbalance issue and may trigger a new round of economic retaliation from EU countries. This increases the uncertainty surrounding global risk assets like cryptocurrencies and raises the likelihood of capital fleeing from unstable markets.
The current global tariff war situation could impact market liquidity and weaken institutional investors' interest in high-risk assets. Once capital flows back to safe-haven assets or traditional markets experience increased volatility, Bitcoin's characteristics as a risk asset will make it difficult to stand out.
Especially in the current speculation-driven upward structure, Bitcoin is particularly sensitive to external shocks, and the potential risk of pullbacks cannot be ignored. Technically, the trend has shown signs of fatigue, with trading volume continuously shrinking, compounded by escalating macro trade tensions, which could become the last straw that breaks the market. The key support level remains at $102,000; once broken, it will shatter market fantasies of new highs and trigger deeper adjustments. Traders need to be highly vigilant about the gains and losses at this position.
XRP is ready to fight.
As Bitcoin continues to dominate and venture into new markets, XRP seems to be lagging behind, failing to keep up with the optimistic sentiment that is driving the overall rise of the cryptocurrency market. Although XRP's price has technically regained key moving averages and broken through a downward channel, its upward momentum has stalled, especially in stark contrast to Bitcoin's strong rebound.
Despite XRP maintaining a certain bullish structure, the overall momentum is weak. The current price hovers around $2.45, forming short-term support in the $2.30 to $2.35 range. Although the price has successfully broken through the 100-day and 200-day moving averages, the trend still lacks firmness, and market sentiment is cautious. The RSI is in the neutral zone, and trading volume has not effectively increased, lacking the momentum to sustain a continued price rise.
On the other hand, the continued rise of Bitcoin's dominance suppresses XRP. Current funds are concentrated in Bitcoin, weakening the performance space of altcoins. XRP struggles to maintain its gains after a breakout, while Bitcoin continues to set new highs around $111,000, further widening the gap in funding attention.
Many Layer 1 and DeFi tokens have lagged, failing to maintain breakouts or gain momentum. Due to regulatory burdens and unstable on-chain indicators, XRP is not the biggest beneficiary in the current risk appetite cycle, and Bitcoin's appeal has also suppressed the altcoin's peak narrative. Unless BTC's price stabilizes and its dominance declines, XRP may continue to lag behind. Currently, XRP is still on the edge of a bull market, but this could change with strong growth in trading volume and a price rebound to $2.60.
Solana smells the scent of $200.
As Solana's price rises to $186 and approaches the important psychological level of $200, it clearly shows new upward momentum. The asset recently broke through a short-term consolidation pattern, confirming the strength of the local upward trend. More importantly, if the right conditions arise, technical indicators begin to signal potential support for the next round of increases.
The breakthrough of the 26-day moving average above several important moving averages (such as the 50-day and 100-day moving averages) is one of the most convincing trends. Although not a traditional golden cross, this crossover is still an important indicator of local momentum enhancement. It demonstrates the strengthening of short-term strength and bullish sentiment, which may lay the foundation for a long-term rise to $200.
Despite short-term trends showing strong momentum, Solana’s long-term structure still raises concerns. The current price is far above the 200-day moving average and other key long-cycle indicators, indicating that the rise has not yet gained comprehensive technical confirmation. Until these lagging moving averages move up and approach spot prices, the overall trend may still be limited.
If momentum continues to be released, the $200 level is likely to be smoothly broken, marking the start of a larger market trend. However, whether it can hold above that level will depend on the follow-up of long-term support levels. Traders should focus on changes in trading volume and trend signals at this time, avoiding blind chasing of highs and waiting for clearer trend confirmations.
