Bitcoin Market Analysis (August 29, 2025)
Price and Trends
Current Price: $110,000.
Yesterday saw a slight increase (small bullish candlestick), but trading volume was low, indicating that short-term sellers still have the upper hand.
Market Sentiment
Short-term trading decreased, but overall trading volume remained high.
Markets are adopting a wait-and-see approach, with little appetite for capital inflows.
Key Price Zones
High Resistance Zone: Approximately 1.54 million Bitcoins are concentrated between $100,500 and $107,000.
Strong Support Zone: 1.53 million Bitcoins are concentrated between $93,500 and $98,500.
Future Trend Forecast
Bearish Signal: If the rebound fails to break through $115,000, the market may fluctuate downward, testing support at $108,000 or $104,000.
Bullish Signal: If the price holds above $115,000 and approaches the previous high, the market may face a key test, potentially leading to a continuation of the trend. Trading Recommendations:
If the upward trend is weak and the market trend is weakening, it is recommended to reduce your position appropriately.
If the market breaks through resistance and upward momentum remains, you can continue to hold and observe.