Key pressure point is building momentum! Can Bitcoin's short-term rebound ignite a trend reversal?
Bitcoin is currently at a delicate technical moment. On the daily chart, the price has been oscillating in the range of 105,000 - 107,000, with both bulls and bears vying for control in this area.
On June 16, it closed above the 106,800 area with a small bullish candle, combined with a clear rebound structure on the 4-hour chart from a low of 104,970 to a high close to 107,262, indicating that short-term bulls are trying to take control.
The 4-hour MACD histogram has turned positive, with the fast and slow lines converging upwards, clearly showing a decline in short-term bearish momentum and that buying pressure is building. This is a positive short-term signal.
Breaking and holding above 107,262: This would effectively break the upper boundary of the recent oscillation range, greatly boosting bull confidence and likely attracting more outside capital, opening the door to challenge higher resistance levels or even reversing the daily downtrend.
If it encounters resistance and falls back (especially under insufficient volume): This may indicate that the short-term rebound momentum has been exhausted, and the price may retest the support strength in the 105,000 - 106,000 area, continuing the oscillation pattern.
Identifying key positions: 107,262 is a watershed for short-term bulls and bears, a critical decision point that needs close monitoring.
Identifying the authenticity of signals: Pay attention to the price performance near the resistance level (candle patterns, trading volume), as this is the core to judge whether this rebound is a true breakout or a false move.
Beware of trend traps: The optimistic signal of a short-term golden cross of moving averages needs to be weighed against the grim reality of a bearish alignment on the daily chart to avoid being misled by short-term fluctuations.
Closely monitor the battle at the 107,262 threshold! Is it an explosive breakout after building momentum, or a failure due to insufficient momentum? This will determine whether to make aggressive layouts or adopt cautious defenses.
The market is ever-changing, and the competition at key positions often hides secrets. It's crucial to time your moves carefully. If you're confused about your trades and want to recover your losses, follow Yi'an and plan ahead, savoring the appetizer of the market instead of eating leftovers!
