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Today’s Bitcoin outlook:
1. Overall trend assessment
The daily chart remains in a mid-term correction phase, but the short-term has entered oversold territory. The key support zone below shows strong buying interest, indicating potential for sideways consolidation and a rebound, making it a good opportunity for long positions.
2. Technical basis for long entries
• Daily chart
Price has tested the previous strong support level, with downside momentum waning. RSI is in the oversold recovery zone, suggesting limited room for further sharp declines in the short term and a technical rebound is likely.
• 4-hour chart
Price stabilized and closed higher at a key support level. The MACD histogram continues to shrink, with a bullish crossover expected on the fast and slow lines. The bearish momentum is gradually fading, and bulls are attempting to push back.
Bitcoin: A pullback from 66,000 to 65,500 could signal a bullish move
First target around 67,000
Second target around 69,000 (cautiously) #成长值抽奖赢金条 $BTC $ETH