《After Five Consecutive Days of Decline, Bitcoin Awaits Someone to Pull the Trigger》
On May 31, 2025, Bitcoin's daily chart recorded five consecutive negative candles, with the price dipping to $103,036. Despite positive U.S. inflation data and a dovish stance from the Federal Reserve, the downward trend could not be halted.
The focus of the market is no longer on data, but on narrative.
And the key narrative operator—Trump—has chosen silence this time.
🟥 Five consecutive negative candles are not panic, but a lack of answers
From a technical perspective, five consecutive daily candlesticks closing in the red have broken all mid-term moving average supports since April. The MACD continues to emit red bars, and the RSI is probing 30, showing a short-term pattern of "oversold but unable to rebound."
This is not a case of the market lacking funds, but rather the market not knowing whom to trust.
🧱 Trump's silence leaves Bitcoin without a faith anchor
In this market driven by news and capital, Bitcoin's bulls have never relied solely on candlesticks but on "faith narratives."
At the end of 2024, Trump shouted, "Miners should return to America," directly driving BTC's daily increase of over 6%.
But this time, when the PCE was below expectations and risk assets should have rebounded, he instead focused on Chinese tariffs and blamed the Federal Reserve, without mentioning Bitcoin again.
> The main players are not afraid to buy, but no one is igniting the fire.
⏳ Today is a watershed moment
If today's candlestick continues to close in the red, Bitcoin will set one of the longest consecutive negative records since 2023.
This is not only a technical breakdown but will further compress the bulls' confidence, allowing bears to probe further down to $102,000 or even the psychological barrier of $98,000.
However, if a volume-increasing positive candlestick appears today and recovers MA28 (104,340), this candlestick will become the key for "main force cleaning up positions + surprise counterattack."
📌 Conclusion:
> The market does not lack main players, but lacks a banner.
If Trump again expresses his stance on Bitcoin, miners, and free currency, everything could reverse.
And for now, the market can only quietly await that gunshot sound.