📉 $BTC (2025-05-29 07:30)|Long and Short Trend Index: 58 / 100 (Neutral to Bullish)
BTC is consolidating at high levels, with short-term momentum weakening but mid-term structure remaining robust. Market sentiment stays cautiously optimistic.
🔹 Multi-Period K-Line Trend Assessment:
15-Minute Chart: Price oscillates in the 107,000–109,000 range, MACD golden cross below the zero line, red bars appearing, RSI rebounding to 59.5, indicating slight enhancement in short-term momentum.
1-Hour Chart: MACD is about to form a golden cross, momentum bars turning from green to red, RSI rising from 40 to 45.9, price testing the mid-line, with clear signs of short-term stabilization.
4-Hour Chart: Price slightly rebounded after retesting MA25 support, MACD death cross is converging, RSI rebounding to 45, short-term oscillation is slightly bearish, with repeated contention near the mid-axis.
Daily Chart: K-line closes with a long lower shadow, reflecting support below, MACD top is retreating, red bars shrinking, RSI remains around 61, indicating a bullish trend in a correction phase.
Weekly Chart: The moving average system is fully aligned in a bullish manner, MACD maintains bullish divergence, RSI stabilizes above 66, overall structure is healthy, still in a mid-term bullish trend.
📈 Technical Indicator Observation:
1. MACD: 15-minute and 1-hour charts form a low-position golden cross, while bearish momentum weakens in the 4-hour and daily charts, with the weekly chart maintaining a bullish trend.
2. RSI: Short period rebounds from oversold territory, returning to near the mid-axis, indicating momentum recovery.
3. Moving Average System: Price has re-established above MA7 in the short term, daily chart remains above MA25, indicating effective mid-line support.
4. Trading Volume: Increased during the rebound, showing enhanced active buying pressure, while bearish forces are temporarily easing.
🌐 Brief on Macroeconomic News:
1. The Trump administration plans to establish a strategic Bitcoin reserve, aiming to position Bitcoin as a national reserve asset and enhance the US's leadership in the digital asset space.
2. US long-term treasury yields have soared above 5%, raising market concerns over the fiscal deficit, while Bitcoin hits new highs.
3. Bitcoin's market cap surpasses $2.2 trillion, with derivatives markets and investor sentiment indicators showing potential for further increases.
4. Bitcoin is consolidating below record highs, with investors focusing on the upcoming Bitcoin 2025 conference, which is expected to bring market volatility.