Bitcoin closed with a bullish candlestick yesterday, fully absorbing the previous bearish selling pressure. The stop-loss and recovery signals are emerging; the support zone near the previous low of 57,800 has been validated, and the persistent downtrend pattern has been invalidated.

Regarding capital flow, the overall market saw a net inflow of $345 million yesterday. Both Bitcoin and Ethereum experienced capital inflows in the spot market, indicating strong buying support from bulls.

Technical indicators and cycle analysis: The daily MACD has completed a bullish golden cross, with the red histogram continuing to increase in volume; the KDJ three lines have stabilized above the 50 midline, indicating ample bullish momentum; the price has firmly settled above the Bollinger middle band at 61,841, confirming a clear short-term bullish pattern. The weekly chart closed in the green, and there is an expectation of a MACD golden cross, suggesting that the medium-to-long-term bullish trend has conditions for continuation.

Reference: Retrace to 63,800 for long, target 64,800, stop loss 800 points.