The price remains within an upward channel since early April. The recent pullback formed a resonant bottom at the mid-channel and the key support zone of 137-140. Subsequently, the price experienced a strong rebound, quickly rising above the internal trend line, indicating that buyers are still dominant.
This pullback structure is similar to a descending wedge indicating weakening bearish momentum, while the RSI shows a bullish divergence around 40—this typically signals strong upward movement. If the price can effectively break through and stabilize above 150, it will confirm the upward trend, with the first target at 160 (wedge pattern target), and subsequent targets at the resistance zone of 172-175 (previous distribution area). If momentum is strong, the upper channel line points to 185-190.
The conditions for a bullish outlook are that the price maintains above 137; if it further falls into this area, it may provide a buying opportunity rather than indicate a weakening trend.
#美联储FOMC会议 $BTC
This pullback structure is similar to a descending wedge indicating weakening bearish momentum, while the RSI shows a bullish divergence around 40—this typically signals strong upward movement. If the price can effectively break through and stabilize above 150, it will confirm the upward trend, with the first target at 160 (wedge pattern target), and subsequent targets at the resistance zone of 172-175 (previous distribution area). If momentum is strong, the upper channel line points to 185-190.
The conditions for a bullish outlook are that the price maintains above 137; if it further falls into this area, it may provide a buying opportunity rather than indicate a weakening trend.
#美联储FOMC会议 $BTC
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