Bitcoin is attempting to stabilize after a sharp pullback, but uncertainty 
remains the dominant market force. While key support levels are still holding 
and leaving room for a recovery rally, bearish signals remain present, raising 
the possibility that any short-term bounce could turn into a bull trap. 
Retesting Key Rising Channel Support According to Bitcoin Meraklısı, recent 
market volatility has forced Bitcoin to retreat to the rising trend channel 
that has defined its structure since February. This is a critical technical 
juncture, as the asset is currently testing this support line. For the moment, 
the defense remains successful, and Bitcoin continues to hold within the 
channel, suggesting that the structural integrity of the uptrend is still 
intact. Related Reading: Bitcoin At A Crossroads: Two Key Levels Will Define 
BTC’s Next Major Move, Analyst Says As long as this support level remains 
unbroken, there is no immediate cause for concern with the outlook. The 
primary objective for the bulls is a recovery toward the channel&#8217;s middle 
band, targeting the $79,000 to $82,000 range. Should buying momentum persist 
beyond that threshold, a continuation toward the channel’s upper boundary 
becomes the logical technical target for the asset. Conversely, a failure to 
maintain this support would cause a shift in market strategy. A decisive 
downward break of the channel would likely trigger a correction equal to the 
channel&#8217;s total width, bringing the $62,000 region into focus. This potential 
breach serves as a stark reminder that while the current setup is 
constructive, the margin for error is narrowing as we navigate this pivotal 
decision zone. Bitcoin Meraklısı emphasizes that the market is currently in 
transition, with technical signals largely subservient to external catalysts, 
and price action remains heavily contingent on news flow from the war front. 
Bitcoin Remains Trapped Inside An Expanding Wedge Pattern Speaking in a recent 
market update, Tryrex noted that Bitcoin continues to consolidate within an 
expanding wedge pattern. The current technical outlook anticipates one final 
upward surge, with the $75,000 level identified as the primary target for a 
potential short position. This zone serves as the focal point of the analyst’s 
strategy to capitalize on the expected price exhaustion at this critical 
resistance area. Related Reading: This Key Bitcoin Metric Suggests The Market 
Is Now Entering A Phase Of Calm The broader market remains locked in a robust 
downtrend, which severely limits the potential for any substantial recovery 
toward previous peaks. According to the analyst, a retest of the $76,000 high 
is now highly improbable, as the prevailing selling pressure is simply too 
intense to allow such a sustained upside move. This phase of price action is 
best characterized as the calm before the storm, where the market appears to 
be staging one or two final, deceptive bounces. The analyst warns that these 
remaining upward movements are likely precursors to a significant market 
crash. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is attempting to stabilize after a sharp pullback, but uncertainty remains the dominant market force. While key support levels are still holding and leaving room for a recovery rally, bearish signals remain present, raising the possibility that any short-term bounce could turn into a bull trap. Retesting Key Rising Channel Support According to Bitcoin &#8230;

Bitcoin Recovery Rally Or Bull Trap? These Key Levels Hold The Answer

The escalating conflict reduces chances for diplomacy, potentially prolonging 
instability and impacting regional geopolitical dynamics.
The post Lebanon accuses Israel of &#8220;scorched-earth policy&#8221; amid expanded 
invasion appeared first on Crypto Briefing.

The escalating conflict reduces chances for diplomacy, potentially prolonging instability and impacting regional geopolitical dynamics. The post Lebanon accuses Israel of &#8220;scorched-earth policy&#8221; amid expanded invasion appeared first on Crypto Briefing.

Lebanon accuses Israel of “scorched-earth policy” amid expanded invasion

CME Group now offers nonstop trading for cryptocurrency futures and options, 
expanding regulated access for bitcoin and other digital asset derivatives. 
The change gives traders a way to respond to weekend, overnight, and holiday 
market moves through CME Globex. CME Group Expands Crypto Access With Around- 
the-Clock Trading CME Group announced on X on May 29 […]

CME Group now offers nonstop trading for cryptocurrency futures and options, expanding regulated access for bitcoin and other digital asset derivatives. The change gives traders a way to respond to weekend, overnight, and holiday market moves through CME Globex. CME Group Expands Crypto Access With Around- the-Clock Trading CME Group announced on X on May &#8230;

CME Launches 24/7 Bitcoin and Crypto Futures Trading

Iran&#8217;s stance may lead to prolonged diplomatic tensions, impacting regional 
stability and global nuclear non-proliferation efforts.
The post Iran refuses uranium surrender, stalling US agreement talks appeared 
first on Crypto Briefing.

Iran&#8217;s stance may lead to prolonged diplomatic tensions, impacting regional stability and global nuclear non-proliferation efforts. The post Iran refuses uranium surrender, stalling US agreement talks appeared first on Crypto Briefing.

Iran refuses uranium surrender, stalling US agreement talks

Asian tech firms, crucial to AI hardware, face valuation risks and 
geopolitical challenges amid surging demand from US AI investments.
The post OpenAI, SpaceX funding fuels bets on next-wave Asian AI winners 
appeared first on Crypto Briefing.

Asian tech firms, crucial to AI hardware, face valuation risks and geopolitical challenges amid surging demand from US AI investments. The post OpenAI, SpaceX funding fuels bets on next-wave Asian AI winners appeared first on Crypto Briefing.

OpenAI, SpaceX funding fuels bets on next-wave Asian AI winners

The Dogecoin (DOGE) price has continued to trend downwards, fueled by general 
weakness in the meme coin market and a lack of sustainable bullish catalysts. 
Due to its poor performance, market sentiment has been in the dumps for 
months. However, a crypto analyst has noted that this period of prolonged 
consolidation and negativity occurs before every major expansion phase. He 
points to a chart, noting that Dogecoin’s price structure still looks 
dangerous, as he expects the meme coin to stage a potential rally that could 
catch many investors off guard. Related Reading: Bitcoin Could Enter Freefall 
If This Level Cracks: Analyst Dogecoin Chart Mirrors Past Expansion Cycles 
Market analyst Cryptollica is warning investors and traders not to sleep on 
Dogecoin after identifying a recurring cycle pattern that has preceded every 
major DOGE bull rally since 2021. In an X post on May 27, the crypto expert 
said that Dogecoin’s current market structure is too dangerous to ignore. He 
explained that the reason is not because Dogecoin is a meme coin, but due to 
its habit of respecting and following the same cycle structure before 
delivering a massive price surge when the market least expects it. The analyst 
pointed to his accompanying chart, noting that every price expansion since 
2021 began after the market abandoned Dogecoin and stopped taking interest in 
it. Cryptollica noted that while “the crowd laughed,” DOGE was rebuilding its 
underlying structure quietly before exploding higher. Looking at the chart, 
Cryptollica shows Dogecoin trading near the lower boundary of a multi-year 
descending channel, a level that has historically acted as a launchpad for 
significant price expansions. The analysis reveals that every meaningful low 
within that structure was accompanied by the same market conditions currently 
present today. This includes public disinterest, negative sentiment, and the 
meme coin’s price sitting at or near the channel’s lower boundary. After 
bottoming around $0.04 in mid-2022 and again at $0.05 in early 2023, Dogecoin 
staged back-to-back recoveries that brought its price to $0.22 and eventually 
$0.49 by mid-2024. Each of these explosive price rallies began after the asset 
was widely dismissed. Fast forward to today, Cryptollica has stated that 
Dogecoin is showing similar vertical-rally signals, with multiple bullish 
metrics aligning while market sentiment remains dead. Chart Metrics Reinforce 
DOGE’s Underlying Bullishness In his X post, Cryptollica noted that Dogecoin’s 
Crypto Cycle Score, highlighted at the bottom of the chart, is reading 19.9. 
This suggests that the meme coin may be in a rebuilding phase even with no 
hype or bullish confirmation in sight. Related Reading: Unknown Wallet 
Destroys $8.5 Million In Bitcoin In Shocking Burn The chart shows that 
Dogecoin’s Mayer Multiple is sitting at 0.64, placing it well below its long- 
term moving average. The meme coin also has an attention score of 10.1, 
further confirming that public interest is dead. Meanwhile, the Bollinger Band 
Width is reading 138 and signaling compressed volatility and weak price 
action. Cryptollica argues that all of these metrics combined with negative 
market psychology suggest that Dogecoin could be gearing up for an explosive 
price rally. He noted that this surge will likely fool many people, just as it 
did in past trends. Featured image from Unsplash, chart from TradingView

The Dogecoin (DOGE) price has continued to trend downwards, fueled by general weakness in the meme coin market and a lack of sustainable bullish catalysts. Due to its poor performance, market sentiment has been in the dumps for months. However, a crypto analyst has noted that this period of prolonged consolidation and negativity occurs before &#8230;

Bitcoin Recovery Rally Or Bull Trap? These Key Levels Hold The Answer

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