Bitcoin Daily Trend Analysis



Dual-cycle trend outlook: Weak rebound phase amid a continuation of decline

The 4-hour timeframe is dominated by a downtrend, with bearish momentum not fully released. Price broke below the middle band of the Bollinger Bands, the MACD dead cross and expanding green bars, and KDJ continues to decline, meaning it is in a pullback phase after an upward move. On the hourly timeframe, the downtrend is slowing and entering a weak consolidation and repair phase. Price is close to the lower band of the Bollinger Bands, KDJ turns upward from low levels, the MACD green bars shorten, downward momentum is exhausted, but no reversal signal has appeared yet.

Trading Suggestions
Around 76,300 for Bitcoin, target 75,000$BTC
BTC-1.67%
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