📈 Bitcoin Market Update on May 30, 2025:

Bitcoin ($BTC ) is currently trading around $105,653, slightly down from its recent high of $108,865.

🔍 Market Situation:

The current correction is believed to be due to profit-taking after BTC reached a new high.

Some investment funds have adjusted their portfolios, shifting from BTC to other assets like Solana (SOL).

📊 Technical Analysis:

The weekly chart shows a bullish engulfing candle pattern, indicating that the upward trend may continue.

Trading volume remains high, indicating strong interest from the market.

💡 Notes for Investors:

Monitor key support levels, especially the $105,000 area.

Upcoming events, such as the expiration of $10 billion in options contracts, may cause significant volatility.