Can BTC make a strong V rebound this time?
Looking at BTC's previous trends, it tends to favor strong V rebounds, with direct bullish candles appearing on the 4-hour and daily charts. There have only been a few oscillations for confirmation at the mid-line before continuing to rally;
Key focus on the 4-hour and daily 5-day moving average standing above 102600 to start gaining strength, with the daily mid-line at 105000 needing a strong breakout to possibly accelerate;
Currently, the daily SKDJ shows a golden cross at the bottom, indicating a high probability of a low point around 98115, unless a major event occurs, such as Iran confirming the blockade of the Strait of Hormuz or the U.S. continuing to strike Iran. The mutual attacks between Israel and Iran have little impact now, and if news of ceasefire negotiations or other positive developments emerge, it could directly initiate a V rebound!
