This morning, Bitcoin stabilized around the 65,300 range and then moved into a volatile upward trend, with bulls steadily gaining strength. In the evening, the market continued to surge, reaching a daily high of around 66,900; Tether also experienced a strong recovery, continuously increasing from the 1,700 support level, breaking through the 1,800 barrier repeatedly, with a high of 1,830, showing impressive rebound momentum.



From the current market situation, the lower band of the Bollinger Bands on the daily chart is gradually narrowing after a downtrend, with the price above the middle Bollinger line, indicating that the oversold bottom correction rebound has officially begun. Switching to the 4-hour chart, the rebound's low points are continuously rising, with the Bollinger channel expanding upward, and the MACD indicator maintaining a bullish range, indicating a solid medium-term upward trend. Although the hourly chart shows a slight pullback after reaching 66,900 due to short-term resistance, the overall moving average system and Bollinger channel still maintain a bullish pattern, with the short-term pullback only a consolidation phase.

Operationally, traders can rely on key support levels below to maintain a bullish outlook, with room for further extension and rebound above.

Bitcoin retraced near 66,200-65,500, aiming for 67,800-68,800; a breakout could then trend toward 70,000.
Tether retraced around 1,800-1,770, with potential to rise #TradFiCFD黄金大师赛 to 1,880-1,950.
BTC0.49%
ETH3.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned