(I) Short-term trends
In the short term, the crypto market is expected to continue to maintain an upward trend, but there is also a certain risk of volatility. Bitcoin is expected to challenge the resistance level of $111,500. If it successfully breaks through, it is likely to hit the historical high of $112,500 again. However, after Bitcoin has been consolidated at a high level, although technical indicators show that it still has upward momentum, if it rises rapidly in the short term, the RSI indicator may enter the overbought area, increasing the risk of a pullback. Especially during the Bitcoin 2025 Conference, high investor sentiment may drive prices up too quickly, creating an unsustainable short-term bubble. In addition, on May 31, the Bitcoin monthly options and futures contracts expired, with an open interest (OI) of approximately US$23.5 billion, a record high. The approaching expiration date may trigger increased market volatility.
#$XRP
