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💥$BTC Two dips without breaking the bottom—the bears’ strength has already bottomed out!
Brothers, is there anyone like Nannan—during the first two days, the short sellers were hammering the market so hard it almost made me want to vomit? But now good news is here—this 62200 “wall”—the shorts crashed into it twice, with blood on their heads and the wall still standing! The short-term bottom is getting more and more solid; we’re not the ones who need to panic.
As of now, the 62200 area has been validated twice in a row, and it has broken out of the short-term double-bottom structure. Bearish momentum is clearly weakening; the continuity of the decline is getting worse. The market has shifted from a one-way downtrend to a range-bound consolidation and rebound/repair. Technically, on the hourly chart, the MACD at low levels is showing an initial golden cross; the green bars are shortening. RSI has rebounded from oversold and is back above 40. Bear pressure is rapidly loosening. 62200 aligns with the 4-hour Bollinger lower band and the prior rally start point, so the support is extremely strong. There is clear evidence of follow-through buying/capital absorption at low levels. As long as price holds above 62600 and breaks through the short-term ceiling at 62800, the upside can be 63200, and even the 63500 area.
Nannan’s personal trade plan, brothers—just copy the playbook directly: rely on defending 62200; on a pullback to 62400-62500 that stabilizes, you can try going long with a small position. The first target is 62800-63000. If it breaks through, look again toward 63200-63500.