BIT Weekly Report: Bitcoin technical signals resonate in multiple dimensions to turn bullish, with $73,000 becoming the key threshold for reversal confirmation

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Deep Tide TechFlow News, April 24, according to the weekly report from BIT on Target, the Bitcoin bear market phase may be nearing its end, with multiple time-dimensional signals gradually resonating. The weekly stochastic oscillation indicator has fallen back to its lowest level since January 2023, a reading that historically often corresponds to market bottom areas; the trend model has also turned bullish, and the current trend has more sustained conditions than the previous two signal reversals.

On the price front, Bitcoin is currently consolidating around $70,000, gradually approaching the 21-week moving average (a key boundary for bull-bear judgment). The report points out that $73,000 has been an important watershed since March 2024; if it can be effectively broken through and stabilized, the reversal signal will be further confirmed. On-chain fund inflow data shows that the latest monthly inflow is about $1 billion, significantly improving from the previous deep net outflow phase. The report also notes that before entering the target range, the upward pace may still be disturbed by phase-specific risk factors.

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