- The Bitcoin Sharpe ratio suggested a controlled risk, far from the extremes observed at the top of 2013, 2017 and 2021.
- Trump’s media team signed an agreement of $ 2.32 billion to buy Bitcoin as its Price action continued to negotiate in the greatest range.
As Bitcoin (BTC) Having over $ 103,000 on May 30, holding ground despite increasing uncertainty.
While the price action has cooled, the Sharpe ratio flashed A rare mid -range signal, suggesting that the market may not yet be overheated.
The metric had not reached its higher trend line, which often indicated market peaks in the years 2013, 2017 and 2021.
It was at the time of writing, which suggests that a moderate risk existed, which meant that the market did not overheat.
The red dotted line identified a very high euphoria was not affected because the Sharpe ratio was in the middle. However, the price management was not clear.
Several times the market has experienced similar levels, rallies and corrections have followed.
Source: Alphractal
Naturally, this indicates a critical moment.
Although the configuration shows an increasingly increasing potential, traders may want to remain cautious unless the metric goes up in territory at extreme risks.
Trump’s BTC 2.232B agreement in the middle of large -range consolidation
THE news The fact that Trump Media can buy BTC for $ 2.32 billion could cause significant changes in the BTC price due to current market trends.
According to Arkham, Bitcoin was $ 105,000, or 12.39% higher than its value of 30 days ago.
Buyers of such amounts help make cryptocurrency more precious, given the growing interest and fewer available coins.
At the same time, the Sharpe ratio indicated a moderate level of risk and a possibility of growth, without too overexcited behavior.
Source: X
Looking back, these levels have marked time before gatherings and drops. The conclusion of the agreement can encourage optimism, although investors can see upper and short short -term.
Experienced investors follow commercial flows, because purchases or significant sales can trigger a burst of purchase or sale.
Keying beach in concentration: $ 97,000 at $ 99,000 Critical zone
On the graphics, Bitcoin remained in its limited range between $ 90,845 and $ 111,938. The recent movement above the upper limit led to a rejection which sent BTC to settle at $ 103,658.
Emphasis was placed on the level of $ 97,000 to $ 99,000, where three factors meet: the mid -range at $ 99,638, Fibonacci’s retrace from 0.382 to $ 97,622 and the daily mobile average from $ 200 to $ 94,717.
Reaching this support area could possibly lead to a reversal or a rebound. But if Bitcoin cannot secure this area, its price can evolve towards the support area from $ 90,845 to $ 90,626.
Source: tradingView
Meanwhile, if BTC exceeds its top of all time at $ 111,938, gaining momentum, it could continue to increase and start a new escape.
Currently, the extreme peaks on the beach and no strong movement means that traders must be cautious.
The 200 -day mobile average tends to increase and this trend could help the market to bounce if it has reached again.
For the moment, merchants holding BTC could remain in place, pending more obvious signs at the main points of support and resistance.
