Support and resistance levels:

Main support level: 54884.00 (lower Bollinger band), 50098.40 (Classic S1), 41224.80 (Classic S2); Main resistance level: 57873.60 (Classic Middle), 66747.20 (Classic R1), 74522.40 (Classic R2)

Short-term outlook:

In the short term, market sentiment is relatively pessimistic, technical indicators show strong sell signals, and the lower Bollinger band support level of 56007.30 may face a risk of breaking. Therefore, there is a possibility of a volatile downward trend in the short term.

Medium-term outlook:

In the medium term, the median resistance level of Bitcoin price is 57873.60. If it can stabilize at this position and rebound, it will most likely usher in further upward opportunities. If it falls below the main support level, the market may further explore and accumulate strength for another rise.

Long-term outlook:

In the long term, Bitcoin still has strong fundamental support. With its decentralization and increasing global acceptance, the status of digital gold remains unshakable. The historical high in 2024 has given the market great confidence. Therefore, even if the short-term market fluctuates greatly, long-term investment is still optimistic. $BTC