#MarketPullback
Temporary decline in asset or market price after a rally is considered normal and "healthy" within the upward trend and often provides an opportunity to buy at a lower price before resuming the rise.
The Market Pullback over the past two days (May 29 - 31, 2025):
• The market experienced upward momentum last week after Bitcoin stabilized above the $68,000 levels.
• However, in the past two days, we began to notice a decline in momentum and profit-taking in most altcoins.
• Bitcoin (BTC): Declined from around $69,200 to below $67,000, a drop of nearly 3%.
• Ethereum (ETH): Lost about 4% of its value, declining from $3,850 to $3,700.
• Altcoins: Were the most affected, with coins like:
• ARB, MATIC, AVAX, LINK declining between 5% to 10%.
• SXT witnessed clear selling pressure after strong gains last week.
The pullback:
• Profit-taking after a rise in most coins.
• Markets are anticipating U.S. economic data such as the inflation report and interest rates.
• Liquidity fluctuations due to the end of the month and the approaching weekend.
Correction Pullback?
• Indicators remain positive on larger time frames.
• The Pullback is considered normal and an opportunity to re-enter at lower prices.
Bitcoin may test a support level around $100,000, and if this level is broken, the price might head towards $93,000, potentially leading to additional liquidation of positions valued at approximately $16.7 billion.
