Today’s Bitcoin Analysis



From a structural perspective, the price has completed a rapid decline and is now recovering, with a strong rebound momentum. The first resistance level above is near the intraday high of 73,128. If it can break through effectively, the next target is in the 73,500-73,800 range. Support below is at the 71,800-72,000 zone, which is the starting point of this rebound and also the key support at the middle band of the Bollinger Bands. A pullback and stabilization here would indicate the continuation of the bullish trend.

Overall, we are currently in a rebound cycle. In the short term, focus on low buying and some selling at higher levels. Pay close attention to whether the 73,100 resistance level can be broken. A breakout would open up upward space, while a failure to break through would likely lead to range-bound oscillation. #Gate上线Pre-IPOs
BTC0,57%
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