#BTCRebound is commonly used on social media when the price of Bitcoin starts to rebound upwards after a clear decline, whether it is a temporary retracement or the beginning of a new upward trend reversal.
When is this hashtag used?
1. After a sharp downward movement, people start watching for rebound signals.
2. When resistance is broken or a strong reversal candle appears.
3. When Bitcoin interacts with strong supports like demand zones.
4. In technical analyses when a pattern indicates the end of a correction and the beginning of an upward movement, such as:
Double Bottom
Bullish Divergence