Price has started a repair rally from the low of 57758. On the 4H cycle, it has firmly held above the two medium-to-long-term moving averages, MA144 and MA169. The moving averages below form a strong support band, and a bottom reversal structure has taken shape.



The earlier deep pullback has fully released the bearish selling pressure. At this stage, multiple technical signals are converging for a bullish bias. In the short term, first look at the previous high at 66419 as the resistance level. Pullbacks into the moving-average range are opportunities to buy the dip. Overall, maintain a bullish outlook.

Go long around 63300 for BTC, add at 62800, with targets at 64500 and 65000.
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