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May 29 $BTC What should we do now?
Currently the first support level:
72,300–72,700
(Daily low + Daily MA120)
Strong support: 71,500 (this week's extreme correction level)
Hopefully it won't drop below 73k again
Currently $BTC resistance
First resistance: 74,800–75,800
Impact of news:
The US-Iran situation has been affecting gold, oil, and cryptocurrencies
Be cautious of news impact
As long as the Strait of Hormuz remains closed for a day, the US-Iran war will not end
Scenario predictions:
① Consolidation for a bottoming process (60%): Fluctuation in the 71,500–74,000 range, with a quick dip followed by recovery.
② Rebound correction (30%): Break through 74,800