Brothers, I took a look at the weekly chart of Bitcoin today. This trend can only be described as: stable! Firmly bullish! Let's just let the chart do the talking. First, look at the weekly Bollinger Bands (BOLL); this movement is truly classic. During the recent sharp decline, it precisely hit the lower band (around the 59,000 level), and then held firm! Now, it's being pushed back up by buying pressure, returning to the 70,000 level. What does this indicate? It shows that the "iron bottom" of the lower band has been confirmed, and big funds are already accumulating here for a bottom, so it can't fall further. Next, take a look at the MACD below. Although the DIF and DEA are still below zero, and the bearish momentum bars look quite deep, this is actually a typical "extremely oversold" state. Combined with the stabilization at the lower Bollinger Band, the bearish force is nearing exhaustion. As long as in the next few weeks the MACD bars start to turn and shrink, or gradually form a bullish crossover below zero, it will be a major signal of a weekly-level rebound. Also, check the order book depth below; the buy order ratio has skyrocketed to over 82%, indicating that bullish sentiment is fully in place. To summarize: the weekly bottoming out and rebounding, support is extremely strong, and the MACD bearish momentum is about to fade. At this point, spot holdings must be tightly controlled—don't be easily shaken out! Do you think this rebound will take us back to a few tens of thousands? $BTC

BTC2,35%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin