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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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📉 BTC/USDT Market Update – May 28
Current Price: $107,462.8
24H Change: -2.22% 🔻
24H High / Low: $110,055.2 / $107,052.0
24H Volume: 6.58K BTC ($713.92M USDT)
Bitcoin (BTC) experienced a notable decline, reaching a 24-hour low of $107,052 before bouncing slightly to the current level. The 4-hour chart indicates a strong bearish candle breaching below the key moving averages (MA5, MA10, MA30), signaling increased selling pressure.
This drop follows a rejection from the recent high of $110,727.9, showing potential short-term bearish momentum. Traders are advised to watch the $107,000 support zone closely, as further breakdowns could trigger more downside. A rebound above the $108,000 mark might indicate consolidation or recovery attempts.
📊 Technical Outlook:
MA5: 108,223.2
MA10: 108,916.9
MA30: 108,697.9
Bearish bias in the short term with increased volatility.
Stay alert and manage your risk accordingly. Trade smart on Gate.io!
#Gateio #Bitcoin #MarketUpdate