Bitcoin continues to fluctuate in a weak and narrow range near the 30,000 mark, and the 5-day moving average is pressed down to 30,000. The overall trend is weak, and the volatility is declining. The large range is still running around 29,500-31,500. The 30-minute trend type has now entered the ninth stage, facing the central upgrade. Before the trend chooses a clear direction, it is still treated as a range oscillation. Light positions are bought on dips near the lower edge of the large range. The market trend is relatively tasteless, and conservative types can choose to wait and see.
Resistance level: First resistance 31000. Second resistance 31500
Support level: First support 29500, second support 29000