5.29 Morning Bitcoin Market Analysis and Trading Suggestions

Recently, the Bitcoin market has shifted, with a significant strengthening of the short-term trend, and bulls have regained market control. In the early hours, the price of Bitcoin dipped to around 106,700 before quickly rebounding, forming a solid bottom support pattern, clearly showing that the market has strong buying power above the key psychological level of 106,000. The current coin price has successfully stabilized above 108,000, and if it can further break through the short-term resistance level of 109,200, it is expected to challenge the range of 110,500-111,800 upwards.

From a technical indicator perspective, the signs of parameter recovery are evident, providing strong support for the rebound. On the 4-hour level, the RSI indicator has exited the oversold zone, and the MACD green bars have begun to appear with the fast and slow lines gradually narrowing, indicating that the downward momentum is rapidly diminishing. If the price can continue to stabilize above 108,800, the KDJ indicator is expected to form a golden cross, further confirming the short-term bullish trend. The current rebound has accumulated a gain of 800 points, and if the subsequent volume can continue to cooperate, the upward trend may continue.

Trading Strategy Suggestions:

1. Position Management: Investors who already hold low-position long orders can continue to hold, while moving the stop-loss level up to 107,200 to lock in some profits.

2. Averaging Opportunity: If the price pulls back to the range of 107,500-107,800, it can be seen as a good opportunity to average down and further expand long positions.

3. Target Setting: The short-term target can initially be set at 109,500, and if the trend continues, it can be adjusted upwards to 110,800.

4. Key Focus: Pay close attention to the breakout situation near 109,200; once a significant breakout occurs, it indicates that bulls will further control the market, and the subsequent upward space is expected to open up.#币安HODLer空投SOPH #比特币2025大会 #特朗普媒体科技集团比特币财库 #币安Alpha上新 #内容挖矿赢最高100%WCT返佣