Bitcoin Bored, Dow and Memorial Day Take a Nap! đŸ€”

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So, Bitcoin’s just floating around like a lazy cat on a Sunday, right? May 26, everyone’s on holiday, even the Dow, and all those other fancy U.S. indices—gone fishing. Naturally, Bitcoin’s doing its best impression of a statue: no movement, no nothing. đŸ’€

It hit $110,000 midday—wow, what a leap!—then, poof, it’s back to where it started. Because who cares on a holiday? Trading volume? Less than your Aunt Sheila’s interest in the stock market. And the range? A measly 1.6% from $108,706 to $110,474. Traders are basically in a coma, waiting for something to happen. Better luck next week.

The bulls? Still bullish. Aziz says the trend is as solid as my patience at the DMV. Bitcoin’s been creeping higher since $91,500, making higher lows and highs—sounds thrilling, right? As long as $106,500 sticks around, the momentum’s with the bulls… or, you know, until it isn’t. So, basically, it’s a waiting game, like waiting for your toast to pop but it never does.

The bullish market structure remains intact. From the key swing low at $91,500, Bitcoin has consistently carved out higher lows and higher highs which represents signs of a strong trend. As long as $106,500 continues to hold, momentum remains with the bulls. The current pause in the market appears to be a consolidation within an uptrend rather than a reversal or topping pattern.

Meanwhile, over the weekend, Trump (yeah, that guy) says, “Hold my beer,” and delays a 50% tariff on European stuff. Originally set for June 1, now it’s July 9. Because, apparently, nobody wanted a trade war that’s already making everyone miserable. So, risk sentiment? Slightly better, I guess? But who even knows anymore.

And what’s next? Oh, just a bunch of data—consumer confidence, GDP, inflation—like that’s going to make everything better. Or worse. We’ll see. Until then, Bitcoin’s just chilling, and we’re all just waiting for the next episode of “Will It Rise or Fall?” Stay tuned. Or don’t. It’s all a big mess anyway.

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2025-05-26 23:30