BTC long and short switching: Overnight weakness ended, morning trading volume drives market recovery.


Good morning! BTC's trend last night was similar to Ethereum's, continuing to show a downward trend with a bearish atmosphere suppressing it all the way. Around one o'clock in the morning, there were slight signs of a rebound, and at that time, three or four friends were preparing to enter the market to catch the bottom. Fortunately, I advised them against it in time—if I hadn't intervened, based on the lowest point of 1073 that was reached in the early morning, they would likely be facing liquidation risk right now.

However, this morning the market saw a turnaround, with a considerable surge in volume driving the price rebound from the low of 1073, gradually rising to the current fluctuation around 1083. Observing the details of the market, the short-term rebound momentum has not yet dissipated, and the bulls still have room to push higher, with the upper target continuing to look towards the 1086-1091 range, which has also been a pressure zone tested multiple times before.

It is important to note that once the price reaches 1086-1091, it is necessary to closely monitor changes in momentum in real-time: if it can continue to break out with increased volume, the rebound space can be further opened; if the momentum weakens and falls into a range, caution should be taken regarding the risk of a pullback, with key support focusing on the 1080-1073 range, especially the 1073 low point. Once it breaks below or returns to a weak pattern.
BTC1.24%
ETH1.93%
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