After Powell's speech early this morning, the market experienced some pressure and decline, but soon rebounded quickly, demonstrating the inherent strong resilience of the market. From a technical analysis perspective, the K-line pattern shows that the price first experienced a significant drop, followed by a rapid and strong rebound, creating an extremely obvious long lower shadow at the bottom, and successfully stabilizing above the middle band of the Bollinger Bands. This is undoubtedly a relatively positive shape signal.
Looking at various technical indicators, they are currently showing a bullish trend: the KDJ indicator formed a golden cross at a low level and has continued to diverge upwards, releasing a strong buy signal; the MACD indicator's green bars are steadily shortening, indicating that the downward momentum is rapidly depleting. In summary, several key technical indicators have formed a resonance, all pointing to a bullish outlook for the future market, thus it is recommended that investors continue to maintain a bullish operational mindset.
The Bitcoin adjustment is at the 83000-83500 range for more, looking up to 85500.