The market is in pessimism, the coin is still holding on to the perseverance of investors, but any perseverance weakens at times. At the moment, the bulls have encountered resistance, and I think it would be wise to sell with the aim of reaching the moving support, and maybe even lower.
The market is in depression. Increasingly, weekends or days before weekends determine the market direction. Trump does not let us rest, and we need to keep our finger on the pulse. Political statements, especially from influential figures such as U.S. President Donald Trump, can have a serious impact on market sentiment. A recent example is his statement that China violated the trade agreement with the United States. This caused a sharp drop in the price of Bitcoin below $105,000, as well as a decline in most altcoins by 4-6%.
$TRUMP U.S. media reports that Donald Trump erupted in fury when asked about the new acronym TACO, which has gained popularity in financial markets. It stands for Trump Always Chickens Out — "Trump always chickens out." This joke implies that the former president, when faced with real resistance, does not follow through on his loud threats but prefers to retreat.
$FIS The graphic analysis indicates that the coin's price will continue to fall. Until reaching the moving resistance (blue line), it is possible to sell, and only if it consolidates above this line can purchases be considered. Only sales for now.
Attention: Unverified information. Today, May 30, 2025, at 15:00 UTC, the second phase of payments to users of the former cryptocurrency exchange FTX will begin — it is planned to distribute $5 billion in stablecoins. Increased volatility is expected in the market this evening, especially in futures positions, so it is advisable to be cautious with open trades.
The coin's price has reached the moving support, and from this moment, it can be purchased. No one can guarantee that the price will start to rise today, but in the near future, the price will give us additional signals showing signs of growth. The purchase target is the upper resistance boundary marked in the image with a red line.
Once, about fifteen years ago, I came across a parable about traders. I decided to share it with you — perhaps it will give someone a reason to think. Imagine: the beginning of the trading day. One trader sold euros, but the asset continued to rise. As a result, he closed the deal at a loss. The second trader bought, but also recorded losses. But the third one acted differently. First, he bought, then sold — and made a profit on both trades.
New York City Mayor Eric Adams announced that the city authorities plan to implement the possibility of using bitcoin to pay salaries and utility bills. He stated this at the Bitcoin 2025 conference taking place in Las Vegas. According to Adams, the city is already exploring ways to implement such projects at the municipal level and intends to begin their realization without waiting for regulation from federal authorities.