May 27 Market Update - Handsome Research Report BTC saw a light bounce yesterday before resuming its decline, hitting resistance right at 78,000. The bearish trend remains intact. On the 4H timeframe, we're seeing a slight increase in volume, which suggests further downside could be on the way. For those who opened shorts in the 80,000-82,000 zone, and again at 77,500-78,000, hold tight and wait for the next leg down. The daily chart shows weakening bearish momentum, but a bullish crossover on the axis isn't looking viable. The probability of continued decline remains higher, so don't worry too much about a strong reversal. ETH is following BTC lower in sync. The 4H chart shows a slight volume uptick, and the short-term bounce hasn't been able to break out effectively. More downside is likely. On the daily, ETH has broken its range, with bearish momentum easing slightly and price moving sideways. Keep an eye on volume action here, but the main trend is still down. Crude oil is heavily influenced by fundamentals. With the US and Iran reaching a ceasefire agreement, oil has successfully broken below the 100 mark. If you still have remaining short positions from the drop, hold them. Bounces in the 96-100 range could be good opportunities to add more shorts, waiting for further decline. Fundamental News: US and Iran have reached an agreement, with a potential ceasefire in sight. We'll continue monitoring developments. Key Daily Support and Resistance Levels: BTC support below 74,500-75,000, resistance above 76,500-77,000 ETH support below 2,000-2,050, resistance above 2,100-2,150