Currently, although BTC has experienced a pullback, the rapid stabilization above the key support zone still demonstrates the resilience of the medium-term upward trend. In the afternoon, the price found strong buying support and rebounded in the 86500-86000 area (coinciding with the daily MA30 and the previous breakout platform), indicating solid bullish defense in this region. As long as this core support band is not broken with increased volume, the overall structure remains within a healthy trend consolidation.
From a technical indicator perspective, short-term bearish momentum shows signs of exhaustion. The 1-hour RSI, after reaching the oversold zone, formed a bullish divergence and rebounded to the midline. The 4-hour MACD green bars continue to shorten, and the fast and slow lines have the potential to form a golden cross above the zero axis again. The price remains within the high-range box of 86000-88500, which is accumulating energy for a subsequent upward breakout. #GateLaunchpadKDK认购上线 $BTC
The follow-up focus is on two key points: if the price can break above 87500 with volume, it will confirm the end of the correction and restart the upward trend, targeting the previous high of 88500 and even above 90000; if the trend continues to oscillate, it is necessary to defend the final line of defense at 86000-85500. The current consolidation is more inclined to be a bullish continuation, and traders can look for bullish opportunities after support stabilizes.
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Currently, although BTC has experienced a pullback, the rapid stabilization above the key support zone still demonstrates the resilience of the medium-term upward trend. In the afternoon, the price found strong buying support and rebounded in the 86500-86000 area (coinciding with the daily MA30 and the previous breakout platform), indicating solid bullish defense in this region. As long as this core support band is not broken with increased volume, the overall structure remains within a healthy trend consolidation.
From a technical indicator perspective, short-term bearish momentum shows signs of exhaustion. The 1-hour RSI, after reaching the oversold zone, formed a bullish divergence and rebounded to the midline. The 4-hour MACD green bars continue to shorten, and the fast and slow lines have the potential to form a golden cross above the zero axis again. The price remains within the high-range box of 86000-88500, which is accumulating energy for a subsequent upward breakout. #GateLaunchpadKDK认购上线 $BTC
The follow-up focus is on two key points: if the price can break above 87500 with volume, it will confirm the end of the correction and restart the upward trend, targeting the previous high of 88500 and even above 90000; if the trend continues to oscillate, it is necessary to defend the final line of defense at 86000-85500. The current consolidation is more inclined to be a bullish continuation, and traders can look for bullish opportunities after support stabilizes.