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The chart has shown preliminary signs of a reversal, with small-timeframe momentum indicators beginning to shift from weak to strong. Short-cycle structures are gradually recovering, suggesting that BTC is poised to enter a technical retracement phase. As lower-timeframe trends strengthen, rebound momentum will transmit to higher timeframes, with the possibility that 12-hour bearish structures will be progressively weakened or even dismantled.
On balance, the pullback that has occurred since Wednesday has likely entered its final stage. The market is currently transitioning from an adjustment phase to a recovery phase. Trading strategies should gradually shift from defensive to offensive, with a focus on going long following the trend at lower levels.
Trading Strategy Recommendations
Long Entry Zone: 69600 – 70200
First Target Level: Around 71600
Second Target Level: Around 72800
Pay attention to the strength of support during pullbacks and changes in volume. Implement strict risk management and avoid chasing highs.
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$BTC