Bitcoin Continues to Conquer New Heights, Surpassing $110,000ật

Release Time: 10:00 AM, May 22, 2025

Issuer: Mr. Leon


MARKET OVERVIEW

  1. Stock Market:

    • Vietnam Market: The market is in an upward trend but faces strong pressure as it approaches the 1,320 – 1,340 point range. Increased liquidity indicates growing profit-taking pressure; however, capital flow continues to support and absorb selling pressure. In the short term, a tug-of-war state may persist, causing volatility among different stock groups. Nevertheless, with positive capital flow maintained, the market is expected to continue testing the 1,340 point resistance level.
    • US Market: The US stock market fell sharply due to concerns about the national financial situation and rising government bond yields. The Dow Jones Industrial Average dropped 816.80 points (-1.91%) to 41,860.44 points, the S&P 500 lost 95.85 points (-1.61%) to 5,844.61 points, and the Nasdaq declined 270.07 points (-1.41%) to 18,872.64 points. The main reason was the poor outcome of a $16 billion 20-year bond auction, which caused bond yields to surge. The 10-year Treasury yield rose to 4.595%, and the 30-year bond yield surpassed the 5% mark for the first time since late 2023.
  2. Foreign Exchange:

    • AUD/USD has an upward trend. Today, long positions can be entered. Daily support: 0.64250.
  3. Gold:

    • Spot Gold Price: Trading at $3,314.94 per ounce, up over $32 in the past 24 hours, reaching its highest level since early May.
    • Reasons for Price Increase: Global gold prices surged due to a weakening US dollar and increased safe-haven demand amidst economic and geopolitical instability.
  4. Oil:

    • XTI/USD: Trend is unclear. Limit trading today.
  5. Bitcoin:

    • BTC/USD Price: Currently trading around $110,594, up 3.68% in the past 24 hours.
    • Market Sentiment: Bitcoin continues its rally, reaching a new all-time high, driven by the recovery of the cryptocurrency market and optimistic investor sentiment.

PLAN ASSESSMENT

  1. AUD/USD:

    • Trend: Upward
    • Recommendation: Buy at 0.64432, Stop Loss: 0.64282, Take Profit: 0.64732
  2. Vietnam Stocks: VPB

    • Recommendation: BUY VIB (May 22, 2025), entry price: 18,200 - 18,500 VND, Target 1: 20,000 VND, Target 2: 22,500 VND, Stop Loss: 17,400 VND.

NOTABLE EVENTS TODAY:

  • 14:15 EUR: French Flash Manufacturing PMI
  • 15:30 GBP: Flash Manufacturing PMI
  • 19:30 USD: Unemployment Claims
  • 20:45 USD: Flash Manufacturing PMI

DISCLAIMER

  • The above assessments represent only the personal views of analyst Leon from Lotus and should not be used as a basis for actual market participation.
  • Lotus provides technical trading analysis and trading knowledge training exclusively for students.
  • Lotus does not represent any securities company or asset management company.
  • Lotus does not manage students' funds.