UK Manufacturing Output MoM in May

🔥 BIG: Apps on Ethereum have generated ~$26B in user-paid fees since launch. Top contributors to Ethereum's GDP include Tether, certain DEX, and Circle.

The Bitcoin market entered a relatively calm phase over the weekend, with trading activity significantly reduced and the price fluctuation range gradually narrowing, presenting a typical oscillation pattern. Currently, both bulls and bears are evenly matched, making it difficult to form a breakthrough trend, and the market overall lacks clear directional guidance. From the daily chart perspective, the K-line chart shows a tightly arranged situation, with limited price Fluctuation. Various moving average indicators are intertwined, reflecting that market participants generally hold a wait-and-see attitude. Based on the current market situation, this consolidation trend may continue in the short term. On the technical front, the Bitcoin price may encounter resistance near $107,800, with support likely around $106,000. Investors need to closely monitor these two key price levels when making trading decisions. It is worth noting that the current market lacks clear driving factors, and investors should remain cautious and manage risks effectively. At the same time, attention should be paid to external factors that may affect Bitcoin prices, such as changes in regulatory policies and macroeconomic conditions. Although the market may continue to fluctuate in the short term, Bitcoin's status as a digital asset remains solid in the long run. Investors can take advantage of this relatively calm period to study market dynamics in depth and prepare for potential opportunities that may arise in the future.

#Dogecoin ETF inches toward approval. Growing engagements between issuers and regulators.

Another ATH for SUMMIT, and it's just getting started: ✅ Stacked team/backers ✅ Narrative locked: the face of AVAX ✅ Top-tier art/animations ✅ Strong community AVAX has been slowly gaining traction & SUMMIT is perfectly positioned to capture the momentum 🔺

As the weekend approaches, the Bitcoin market enters a wait-and-see state, and investors should closely follow the upcoming weekly close. Currently, the market is showing a range-bound oscillation pattern. The upper resistance level is mainly concentrated in the range of 10.86 to 11.00 dollars, while the lower support is distributed around 10.48, 10.35, and 10.20 dollars. For investors with a clear trading plan, these key price levels can serve as reference points for entry or exit. However, for investors who have not yet determined a trading strategy, it is recommended to wait until the market structure becomes clearer before making decisions. Engaging in blind long and short operations within the current low-volatility range may increase unnecessary risks. It is worth noting that next week will see the monthly closing, which may bring additional market volatility. Therefore, whether investors have already entered positions or are preparing to enter the market, they should set reasonable stop-loss levels to guard against potential sharp price fluctuations. Overall, it is particularly important to maintain a patient and cautious attitude during this weekend. Closely follow market trends and rationally analyze various indicators to make informed decisions in this uncertain cryptocurrency market.