Looking at the short-term trend over the past hour, Bitcoin has previously experienced a slow decline, gradually identifying a low support level. Subsequently, the market stabilized and rebounded, showing a consecutive bullish pattern, clearly indicating that the short-term trend has successfully shifted from weak to strong.
It is noteworthy that the MACD indicator's fast and slow lines have crossed above the zero axis, and the overall shape presents a typical arc bottom rising characteristic. This technical structure often represents a depletion of downward momentum, with bullish strength gently accumulating, and the rebound momentum is expected to continue.
From the perspective of trading psychology and momentum, the arc bottom golden cross pattern is usually regarded as a relatively reliable short-term reversal signal, especially after forming at critical positions, often attracting more funds to participate in the rebound. Currently, the market performance is leaning bullish, and if it can stabilize and increase in volume, there is still further upward space ahead.
