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Based on the latest technical analysis of Bitcoin (BTCUSD) price on May 29, 2025, here are the key support and resistance levels today:
### **Support and Resistance Levels for Today (2025-05-29)**
1. **Main Support Level**:
- **$106,550** (Key support level, testing a short-term upward trend line).
- **$105,000** (Minimum of the expected range today).
- **$102,135** (Secondary support in case of breaking $106,726).
2. **Main Resistance Level**:
- **$110,000** (Psychological and key resistance, with a possibility of breaking it if momentum continues).
- **$110,725** (Dynamic resistance related to moving averages).
- **$112,000** (Nearby historical peak, could be a bullish target if surpassed $110,000).
### **Expected Trading Range Today**
- **From $105,000 to $110,000**.
- With a possibility of expanding the range if any of the key levels are breached.
### **Additional Notes**
- **Technical Indicators**:
- The Relative Strength Index (RSI) indicates excessive selling pressure, supporting bullish rebound opportunities.
- The 50-day moving average (EMA-50) at **$108,846** could serve as dynamic support.
- **Whale and Institutional Impact**:
- A decrease in the number of whale wallets (large investors) may increase volatility.
- ETF fund flows (like BlackRock and Fidelity) support positive momentum.