Good morning! The market for Bitcoin was really exciting yesterday. After breaking through 122,200, the bearish forces began to show, leading to a pullback, and the price fell all the way back to the starting point. Did everyone seize the opportunity during this rise? Currently, it seems that Bitcoin is in a phase of short-term low position rebound, and this pullback can be seen as a retreat after a surge. From the recent decline, the trading volume has gradually decreased, indicating that selling pressure is weakening, which is favorable for the rebound, and we may see another breakthrough of the 120,000 mark within the week.

From a technical perspective, the MACD fast and slow lines on the hourly chart are both below the zero axis, but the red bars are gradually shortening, indicating that the bearish forces are weakening, and a rebound phase may be entering. The RSI is close to the oversold area but has not reached it yet. There are technical conditions for a rebound in the short term, but the mid-term is still in a weak position.

Bitcoin's trading strategy: consider going long around 118,800, with a target of 120,000. $BTC #BTC重返12万 #加密总市值创历史新高 #以太坊生态回暖