III. Forecast of subsequent trends
(I) Short-term trends
In the short term, the crypto market is expected to continue to maintain an upward trend. Bitcoin is likely to challenge the resistance level of $110,600. If it successfully breaks through, it is expected to hit the historical high of $112,500 again. However, it should be noted that the RSI index of Bitcoin rebounded again after consolidating at a high level. If it continues to rise, it may re-enter the overbought area, increasing the risk of short-term correction. Especially during the Bitcoin 2025 Conference, high investor sentiment may drive prices up too quickly, causing an unsustainable short-term bubble. Ethereum's short-term target is $2,600 and $2,650. Its trend will still follow the main trend of Bitcoin, but Ethereum's own technological upgrades and institutional capital inflows also provide it with a certain independent upward momentum. In addition, on May 31, Bitcoin monthly options and futures contracts expired, and the open interest (OI) was about $23.5 billion, a record high. The approaching expiration time may trigger increased market volatility, and investors need to pay close attention.
