Bitcoin is expected to head into the week on a positive note after forming a consecutive doji candlestick pattern on the weekly chart for the past three weeks. This is an early sign that uncertainty among bulls and bears is resolving to the upside.

While the recovery is still in its early stages, the September 20 Federal Open Market Committee meeting could increase volatility. Most market participants expect the Fed to leave interest rates as they are, but there could be surprises from Fed Chairman Jerome Powell at his post-rate decision press conference.

Bitcoin's recovery from strong support near $24,800 has sparked buying interest in certain altcoins, which offer trading opportunities. For these altcoins to continue rising, Bitcoin needs to stay above $26,500.

It may be worth looking forward to whether Bitcoin's loose rebound can accelerate its momentum.

Bitcoin rose above the 20-day exponential moving average ($26,300) last week, suggesting selling pressure is easing. Since then, bulls have thwarted multiple attempts by bears to pull the price back below the 20-day EMA.

Buyers will try to take advantage and push Bitcoin towards the 50-day simple moving average ($27,200). This level may be a minor hurdle, but if overcome, Bitcoin could reach $28,000. Bears are expected to defend this level vigorously.

If the bears want to maintain their advantage, they will have to push the price below the 20-day EMA. This could trap aggressive bulls and open the door to a possible retest of key support at $24,800.

I think Bitcoin bulls still have some work to do. If it falls back to the support area of ​​26,300-26,000 US dollars, you can continue to buy long orders. If it can break through 27,000 points, it will rise further. This rebound of 27,700-28,000 will be a better area. Might as well take a look. $BTC