Bitcoin broke below 58,000 as expected and quickly recovered, with a low of 57,700. The trend fully matched previous predictions. Is a rebound starting here?



On the 1-hour chart, a high volume spike pushed up 1,700 points to 59,400. The breakdown recovery fulfilled the rebound expectation. In the short term, the key is whether 59,000 can hold; if it does, it will challenge the 60,000 gap. The short-term market is leaning toward a rebound, and support at 57,700 is temporarily stable.

In the long run, 57,700 is by no means the bottom. After the rebound, it will still decline. The true bottom will not appear until the market grinds from October to December. #Strategy拟回购股票
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ForkInTheRoadmap
· 2h ago
Will the bottom only be seen in October-December? So the current rebound is an opportunity to reduce positions.
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MintedAtDawn
· 2h ago
The hourly line shows a breakout with volume, but the daily line is still in a downtrend. Watch more and act less.
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BluePeonyPrincipalProtection
· 3h ago
What does Strategy's buyback have to do with the token price? Don't force the connection.
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PerpMoodSwing
· 3h ago
Missed that 57700 wick move, kicking myself.
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OutsiderOfZhiyuandao
· 3h ago
If 59000 can't hold steady, we'll have to go back and grind again, be patient and wait.
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