Bitcoin’s daily chart shows a series of bullish candlesticks rebounding, but the price is still at a low level. The attached indicator is running in a death cross, and the overall downward trend is still quite evident!
The recent rebound is simply a corrective move, with the price moving up in a choppy fashion—without continuation or breaking new highs. This is a clear signal. Just because the price isn’t continuously dropping doesn’t mean the trend has changed—don’t misunderstand this!
On the short-term hourly chart, yesterday’s European session saw a choppy upward movement and the U.S. session broke above the previous day’s high. In the early morning, the price came under pressure and fell; the current candlestick pattern is a series of bearish candlesticks, and the attached indicator is running a bullish cross with decreasing volume!
However, pay attention to the 4-hour chart support at the 87200 area, so for the European session, whether the price pulls back and breaks support or breaks above the high is very important. For intraday short-term trading, only operate within the 88500 to 87200 range—this is only valid for the day! #非农数据超预期 $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin’s daily chart shows a series of bullish candlesticks rebounding, but the price is still at a low level. The attached indicator is running in a death cross, and the overall downward trend is still quite evident!
The recent rebound is simply a corrective move, with the price moving up in a choppy fashion—without continuation or breaking new highs. This is a clear signal. Just because the price isn’t continuously dropping doesn’t mean the trend has changed—don’t misunderstand this!
On the short-term hourly chart, yesterday’s European session saw a choppy upward movement and the U.S. session broke above the previous day’s high. In the early morning, the price came under pressure and fell; the current candlestick pattern is a series of bearish candlesticks, and the attached indicator is running a bullish cross with decreasing volume!
However, pay attention to the 4-hour chart support at the 87200 area, so for the European session, whether the price pulls back and breaks support or breaks above the high is very important. For intraday short-term trading, only operate within the 88500 to 87200 range—this is only valid for the day! #非农数据超预期 $BTC