• Daily Chart (Major Trend) Price is still retracing after falling from highs, but hasn't broken key support; MACD green histogram is contracting, RSI is rising from oversold levels — downside momentum is weakening with signs of a rebound. • 4-Hour Chart (Short-term) Price is repeatedly fighting around the 70000 level, Bollinger Bands are narrowing, moving averages are converging; KDJ golden cross at low levels, RSI rebounding — short-term bias is bullish with rebound demand. • Key Status Currently at the eve of a reversal, price is consolidating in a small range; one large bullish candle could open up upside space. Bitcoin retraces to 69500—69000, then move northbound First Target: Around 70500 Second Target: 72000 (cautiously) $BTC #Gate13周年全球庆典
Today's Public Trading Analysis:
• Daily Chart (Major Trend)
Price is still retracing after falling from highs, but hasn't broken key support; MACD green histogram is contracting, RSI is rising from oversold levels — downside momentum is weakening with signs of a rebound.
• 4-Hour Chart (Short-term)
Price is repeatedly fighting around the 70000 level, Bollinger Bands are narrowing, moving averages are converging; KDJ golden cross at low levels, RSI rebounding — short-term bias is bullish with rebound demand.
• Key Status
Currently at the eve of a reversal, price is consolidating in a small range; one large bullish candle could open up upside space.
Bitcoin retraces to 69500—69000, then move northbound
First Target: Around 70500
Second Target: 72000 (cautiously) $BTC #Gate13周年全球庆典