### Technical Analysis of Bitcoin (BTC/USD) - May 28, 2025
#### **1. Overview of Technical Indicators**
- **Oscillators:**
- Most indicators suggest a **neutral** state with a slight tendency toward strong selling in some indicators like STOCHRSI and MACD.
- The Relative Strength Index (RSI 14) at **46.014**, indicating no overbought or oversold conditions.
- **Moving Averages:**
- A **strong buy signal** is indicated in the short term (MA5, MA10, MA100, MA200).
- Longer moving averages like MA20 and MA50 indicate selling pressure.
#### **2. Key Support and Resistance Levels**
- **Main Resistance:**
- **$110,000**: A major psychological level, intersecting with the EMA20 and EMA50 moving averages.
- **$111,947**: Previous peak and strong resistance.
- **Key Support:**
- **$108,104**: Immediate support, with the possibility of testing it in case of a correction.
- **$106,831**: Strong support area (MA200).
- **$102,500**: Structural support if the decline continues.
#### **3. Forecasts and Potential Scenarios**
- **Bullish Scenario:**
- If the **$110,000** level is broken, the price may head towards **$123,687** as an upside target.
- Support from the 50-day simple moving average may reinforce the continuation of the upward trend.
- **Bearish Scenario:**
- A failure to break **$110,000** may lead to a correction towards **$106,831** or even **$102,500**.
- The presence of strong sell signals in some technical indicators may support this scenario.
#### **4. Factors Influencing the Market**
- **Fundamental Factors:**
- Statements from the U.S. Federal Reserve and fluctuations in the Dollar Index (DXY) may affect market sentiment.
- News about ETFs and liquidity flows may trigger strong movements.
- **Liquidity and Volatility:**
- Volatility is currently high, requiring careful risk management.
#### **5. Investment Recommendations**
- **For Short-term Traders:**
- Monitor price reaction at **$110,000** to enter buy positions upon breaking resistance or sell upon rejection.
- **For Long-term Investors:**
- Entering at strong support levels like **$106,831** or **$102,500** may present a good opportunity.
### Conclusion
Bitcoin shows a range between **$108,000 - $110,000**, with conflicting signals from technical indicators. It's recommended to monitor the break or rejection of the **$110,000** level to determine the upcoming trend, with a focus on risk management due to high volatility. $
