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2026.5.29 Bitcoin Outlook
The overall idea remains unchanged after the early morning analysis
Last night, after testing the bottom at 72557, a weak rebound began, currently in a phase of oscillation and correction after a sharp decline, not a trend reversal. The long-term moving averages are still pressing downward, while the short-term moving averages are turning upward to form support, presenting an overall "resistance above, support below" range-bound pattern.
$BTC
Entry: Rebound in the 738-741 range, with a pullback to 746, watch for 730-720
If the price directly breaks below 73000, abandon all long positions, follow the trend to short, with a target below 72500
If the price strongly breaks above 74100 and stabilizes, the rebound will continue, and you can temporarily wait and see, then consider short positions around 74500 #美伊谈判博弈