Chart the Market (28/05/2025)

BTC, H4: 

Bitcoin (BTC) briefly surged to a fresh all-time high near $112,000, but the rally quickly lost steam, with prices retreating by nearly 2.5%, prompting market participants to question the sustainability of the breakout. The sharp pullback has led many to view the move as a potential false breakout.

Although BTC managed a technical rebound, it faced renewed selling pressure at the Fair Value Gap (FVG) zone, reinforcing resistance and placing the asset in a neutral technical posture. Price action now hinges on whether BTC can maintain support above the critical $108,000 level.

A decisive break below this support, particularly if it also breaches the long-term uptrend line, would serve as a strong bearish signal, potentially triggering a deeper correction. For now, Bitcoin remains at a pivotal juncture, with market sentiment delicately balanced between bullish continuation and a possible trend reversal.

Resistance Levels: 111745.00, 117,200.00

Support Levels: 106650.00, 102260.00

USDCAD H4

The USDCAD pair has staged a strong rebound from its lowest level since October, gaining nearly 1% from the recent bottom. The recovery has brought the pair back to a key resistance level around 1.3810, which marks its previous high.

A sustained break above 1.3810 would likely confirm a bullish breakout, potentially opening the door to further upside. However, this level also poses a significant resistance, and a failure to breach it decisively could trigger a technical retracement.

Momentum indicators support the rebound, with the RSI bouncing out of oversold territory and the MACD forming a bullish golden cross near the bottom, both suggesting that bearish momentum is fading. Traders will closely watch price action around 1.3810 to determine whether the current rally has further room to run or if a short-term pullback is on the horizon.

Resistance Levels: 1.3890, 1.3985

Support Levels: 1.3780, 1.3705