Lookonchain APP

App Store

Analyst: Bitcoin Key Support Level at $73,000, Potential Double Bottom Breakout if Weekly Close is Above It

2026.05.31 23:50:34

May 31 — Bitcoin held steady around $73,500 over the weekend. If it maintains that level, the world’s largest crypto will close out May with a roughly 3% monthly decline. Next week, key U.S. labor market data — including the ISM Manufacturing PMI, ADP Employment Report, and Non-Farm Payrolls — will serve as a major catalyst for risk assets, including Bitcoin. Andre Dragosch, Bitwise’s European Research Director, stated that if Bitcoin continues trading based on economic growth and risk appetite logic, it should reprice higher from current levels. Trader Rekt Capital pointed out that $73,000 is Bitcoin’s current key support level. A weekly close above this threshold would help confirm a double bottom breakout pattern and sustain the subsequent uptrend.
Relevant content

CZ retweeted a BNC-related post, and meme coin 4Stock’s market cap rebounded to surpass $60 million.

According to GMGN data, Binance founder CZ has retweeted a post related to BNC, driving the BSC ecosystem meme coin 4Stock to rebound past a $60 million market cap, currently trading at $46 million. The post retweeted by CZ was published on July 7, stating that BNC (CEA Industries, the BNB Treasury Company) has entered a new phase with its core mission unchanged, will provide long-term support for BNB and its ecosystem, and aims to achieve better alignment, improved governance, and restore investor confidence. Note: 4Stock originated from the "stock meme" narrative launched by Four.meme, which first rolled out the 4Stock underlying asset linked to stock assets, then allowed the community to issue meme coins using this asset as a liquidity pool. BNC4 is the first 4Stock "coin-stock", pegged 1:1 to the corresponding BNB Treasury Company BNC stock, with the meme coin "4Stock" tied to the BNC4 pool. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investment requires caution.

2 minutes ago

Circle announces the acquisition of Singapore-based payment infrastructure firm Tazapay.

Circle announced it has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payments infrastructure company. The transaction is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore. Circle noted that Tazapay brings over $25 billion in annualized payment volume, more than 60 banking and fintech partners, and local payment rails spanning over 100 markets. Approximately 60% of Tazapay’s transaction volume already involves stablecoins. Circle added that the acquisition will enhance its global payment capabilities and drive adoption of USDC in cross-border commercial payments.

2 minutes ago

Upbit will list HEMI and USELESS

Upbit will list HEMI and USELESS trading pairs against BTC and USDT.

2 minutes ago

Solana ecosystem meme coin USELESS posts a short-term rally, surging past $280 million in market capitalization.

According to GMGN data, Solana ecosystem meme coin USELESS has rallied to a market cap exceeding $280 million, boosted by its listing on Upbit’s spot trading platform. The token has gained over 12% in the past 24 hours, with a 24-hour trading volume of $22 million. On September 1, prominent trader "Bonk Guy" noted that his bullish stance on USELESS is even stronger than when he traded BONK in 2023, adding that USELESS previously rose from a roughly $4 million market cap to $450 million during a non-bull market cycle, and could see even larger upside if it enters a genuine bull market for the first time. BlockBeats reminds users that most meme coins lack real utility, are highly volatile, and investors should exercise caution.

2 minutes ago

Yilihua: Choices in the crypto space are critical, as those who select investments and contracts experience more failures than successes.

Liquid Capital founder Yi Lihua stated that since entering the crypto space in late 2015, over a decade of experience has shown that choice is just as critical as hard work for success in the sector. He outlined three groups that have achieved notable results: 1) Bitcoin (BTC), Ethereum (ETH) and BNB holders, including those engaged in mining, hodling and mining pools, who gain from time-driven compound returns; 2) Participants in trading infrastructure, such as quantitative arbitrage firms, crypto exchanges and stablecoin projects; 3) Project teams and market makers (MM), who focus on issuing and managing assets. Conversely, Yi noted that investors and derivatives (contract) traders overall have more failures than successes, describing their approach as akin to daily hunting—requiring constant effort to generate returns, with high risks, low yields and limited compounding effects.

2 minutes ago

Binance to delist OPEN/FDUSD, SAGA/FDUSD, and VELODROME/USDC spot trading pairs

Binance will delist the following spot trading pairs and halt trading on them at 11:00 (GMT+8) on September 11, 2026: OPEN/FDUSD, SAGA/FDUSD, and VELODROME/USDC. The spot trading bot services for these pairs will also be terminated simultaneously, with users advised to update or cancel relevant operations in advance.

2 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano