[New York Crypto Market/Opening] Bitcoin (BTC) Surges Amid Trade War Phase, Eyes $110,000 Breakthrough

# Bitcoin (BTC) Trades at $108,778 as Market Focuses on Economic Trends Amid Stability Bitcoin (BTC) traded at $108,778 on May 28, 2025, with a market capitalization of $2.16 trillion and a 24-hour trading volume of $33.16 billion. Intraday prices ranged from $108,568 to $110,407, reflecting subdued volatility. Investors are keeping a close eye on global economic trends, especially amid ongoing U.S.-China trade tensions, fostering a cautious market stance. # Bond Market: Japanese Yields Spike, U.S. Treasuries Gain Investor demand was lower than expected in Japan’s 40-year bond auction, causing a 10-basis-point increase in 30-year yields. Concurrently, U.S. 30-year Treasury yields climbed 3 basis points to 4.98%, ending a three-day rally. Miki Den of SMBC Nikko Securities observed, “Persisting uncertainties regarding bond issuance and fiscal spending discourage aggressive buying or flattening strategies.” Also, the 10-year U.S. Treasury yield advanced 2 basis points to 4.47%. European markets mirrored this trend; Germany’s and the U.K.’s 10-year yields rose by 2 and 4 basis points respectively, reaching 2.55% and 4.71%. # Bitcoin Charts Highlight Uptrend and Prime Entry Points for Long-Term Investors Despite a slight retreat from the $112,000 mark, Bitcoin continues its upward trend. The support zone between $106,000 and $107,000 has seen strong buying activity, boosting market confidence. The recent decline in trading volume, paired with bearish candles, suggests weak selling pressure and sustains the bullish outlook. A breach of the $112,000 resistance level with solid trading volume could drive further gains. Consolidation near $107,000 offers attractive entry points for long-term investors. On the 4-hour chart, Bitcoin is in a corrective phase following a minor pullback from the $112,000 high. Key support at $106,666 remains robust, while resistance zones between $110,500 and $111,000 limit upward movement. Decreasing trading volume on declines indicates reduced downward pressure, and the emergence of a buy signal around $108,000 could benefit short-term buying strategies. Prolonged correction warrants profit-taking near resistance levels. On the 1-hour chart, there's a narrow consolidation range between $108,000 and $110,000 as traders await clearer direction. Low trading volumes highlight this temporary indecision, providing day traders with scalping opportunities within this range. # Technical Indicators Signal Resilience Amid Market Uncertainty Bitcoin's technical indicators show mixed signals in light of broader market uncertainty. The Relative Strength Index (RSI) at 65, Stochastic indicator at 73, and Commodity Channel Index (CCI) at 79 offer neutral signals. The Momentum indicator (2,545) and Moving Average Convergence Divergence (MACD, 3,510), however, are bearish, suggesting declining upward momentum and the need to maintain critical support levels. Conversely, moving averages indicate ongoing strength. Both Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) across 10, 20, 30, 50, 100, and 200 periods remain positive. For example, the 10-period EMA and SMA, at $108,082 and $108,561 respectively, provide short-term support above the current price. Long-term moving averages, such as the 200-period EMA ($90,251) and SMA ($94,466), continue to support the bullish trend. If Bitcoin prices stay above short-term moving averages, the likelihood of continued bullish momentum remains high.