#Digital Money market rebounds The Bitcoin daily chart shows a bullish belt hold, clearly establishing a pump trend, with the current price consolidating around 114300. From a technical perspective, both the hourly and daily MACD indicators have formed a golden cross pattern and are trending upward, which clearly indicates that the current market is dominated by long positions. This strong rebound not only successfully breaks through key resistance levels but also marks a shift in the market trend.
In terms of trading strategy, as long as the pullback does not fall below the key support level of 113340, it can be considered an ideal time to enter long positions. Market participants may consider placing long orders in the range of 113500 to 113000, with upward targets expected at 115000 to 116000.
Current technical indicators' resonance signals suggest that Bitcoin is expected to maintain strength in the short term. Investors should stay alert but not overly worried; appropriately seizing rebound opportunities may yield good returns.
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#Digital Money market rebounds The Bitcoin daily chart shows a bullish belt hold, clearly establishing a pump trend, with the current price consolidating around 114300. From a technical perspective, both the hourly and daily MACD indicators have formed a golden cross pattern and are trending upward, which clearly indicates that the current market is dominated by long positions. This strong rebound not only successfully breaks through key resistance levels but also marks a shift in the market trend.
In terms of trading strategy, as long as the pullback does not fall below the key support level of 113340, it can be considered an ideal time to enter long positions. Market participants may consider placing long orders in the range of 113500 to 113000, with upward targets expected at 115000 to 116000.
Current technical indicators' resonance signals suggest that Bitcoin is expected to maintain strength in the short term. Investors should stay alert but not overly worried; appropriately seizing rebound opportunities may yield good returns.