Bitcoin $BTC after experiencing a recent strong rebound, has once again stabilized at a key support level, showing that bullish strength is gradually recovering. As market sentiment warms up, investors are closely watching whether the next wave of the rise can continue.
1. Current Market Overview
$BTC Currently fluctuating in the range of $28,500 – $30,000, the short-term bullish and bearish forces are still relatively balanced. Recently, the price rebounded from around $27,200 and has stabilized at the key psychological level of $30,000, indicating that market buying is gradually returning.
Technical indicators show:
The MA7/MA25 moving averages are steadily supporting the price, with a short-term trend leaning towards bullish;
The RSI indicator is approximately 58, still has upward momentum space;
The trading volume continues to expand during the uptrend, indicating an increase in buying participation.
II. Key Support and Resistance
Short-term Support: $29,000 – $29,200
Medium-term Support: $28,500
Resistance Area: $30,500 – $31,200
As long as the price holds the key support, the bulls still have the chance to challenge the resistance area again or even break the historical high.
III. Operational Strategy Recommendations
1. Long Strategy (Low Risk Trend Following)
Entry Range: $29,200 – $29,500
Stop Loss Level: $28,500
Target Range: $30,500 → $31,200 → $32,000
2. Short Strategy (Callback Capture)
If the price fails to break through resistance and retreats:
Entry Range: $30,800 – $31,200
Stop Loss Level: $31,500
Target Range: $30,000 → $29,500 → $28,800
3. Risk Control
Bitcoin is highly volatile; it is recommended to strictly implement stop losses and build positions in batches, and avoid chasing highs or cutting losses.
IV. Market Outlook
In the short term, Bitcoin still leans towards a bullish trend, with multiple tests of support showing strong buying power. If it breaks the $31,200 resistance, the next step may challenge the range of $32,500 – $33,000, attracting more funds to enter.
Investors can closely monitor changes in key support and resistance levels, operate in accordance with the trend, and wait for clear signals before entering.
