The current Bitcoin market is in an extremely delicate phase of change. Although the SEC #SEC #coinbase and #Binance caused the recent price decline to a low of around $25,000, we have witnessed a strong rebound to around $31,000 in just two days in conjunction with frequent reports of traditional financial institutions entering the cryptocurrency market. The market currently seems to be entering a cooling-off period hovering between 30,200 and 30,600. From a technical analysis perspective, Bitcoin needs to at least touch the 100ma on the weekly chart, which will become a key price range.
However, whether this technical resistance can be successfully broken through and a new round of bull market can be started will depend on the market environment at that time, especially the impact of regulation.
Regarding the operation strategy, if you did not pay attention to my tweet on June 16, you may not have entered the market to establish a long order at a lower point. I suggest operating when the price falls back to 30,000. The integer level has good support and is in the same horizontal range as the previous high. Although the current market conditions are full of variables, a prudent investment strategy should enable you to gain the greatest benefits in this volatile market.