#Digital Money market rebounds, the Bitcoin daily chart shows a bullish belt hold, clearly establishing an upward trend, with the current price consolidating around 114300. From a technical perspective, both the hourly and daily MACD indicators have formed a golden cross pattern and are developing upward, which clearly indicates that the current market is dominated by long positions. This strong rebound not only successfully broke through key resistance levels but also marks a shift in the market trend.


In terms of trading strategy, as long as the pullback does not fall below the key support level of 113340, it can be seen as an ideal time to enter long positions. Market participants may consider placing long orders in the range of 113500 to 113000, with an upward target expected at 115000 to 116000.
The resonance signals of the current technical indicators indicate that Bitcoin is likely to maintain its strength in the short term. Investors should remain vigilant but do not need to be overly concerned; appropriately seizing rebound opportunities may yield good returns.#Gateperpdexislive #Joingrowthpointsdrawtowiniphone17 #Cryptomarketrebound
BTC-3.38%
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)