📈 Is Bitcoin's rebound approaching? Simplified Technical Analysis 🔍

After a wave of declines, the RSI indicator on the 4-hour frame has started to enter the oversold zone, which may indicate a potential upcoming rebound.

Some reversal candles are also appearing above the support at $57,800, supporting this scenario.

🔎 Watch Points:

Main Support: $57,800

Nearby Resistance: $61,000

The MACD indicator has started a positive crossover.

🧠 My Personal Opinion: We may witness sideways movement before the rebound, but maintaining the mentioned support is a key factor for the upward rebound.

💬 Do you think BTC will rebound this week? Or will we see a new break of support? Share your thoughts with me!

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