From a technical perspective, Bitcoin has short-term rebound opportunities but overall remains weak.
In the current 4-hour trend, the price is operating below the 24-hour and 52-hour moving averages, indicating that the medium to short-term trend has not yet fully strengthened. However, technical indicators are showing positive signals:
MACD has formed a golden cross and the KDJ indicator is diverging upwards, indicating that short-term upward momentum is accumulating, providing technical support for a rebound.
It is crucial to focus on the strong resistance zone of 118789-119031. The chip distribution shows that a large amount of trading chips is concentrated in this area, and the buying power is clearly dominant. If the price can effectively break through this resistance zone, it will open up larger upward space.
The current price is supported around 114000 USD, a position that has been validated multiple times for its effectiveness. At the same time, the RSI indicator has broken above the upward trend line, further confirming bullish expectations.
I believe the key in the short term is whether it can stabilize above the psychological level of 115000 USD. If it can successfully break through, combined with the resonance of indicators and the advantage of chip structure, Bitcoin is likely to experience a decent rebound.
However, it is necessary to be cautious as there are still a large number of trapped positions in the upper strong resistance zone; the breakthrough process may not be straightforward. When to enter, when to exit? How to catch strong coins? What should the take profit level be? Sister Thirteen will inform her fans in Shiqun as soon as possible. As long as you follow my thinking and execute what I say, you will definitely reap the rewards! #加密概念美股普涨 #加密市场回调