Bitcoin RSI latest news: bulls are accumulating strength! $BTC
The current Bitcoin RSI indicator reveals a key signal - market sentiment is shifting from hesitation to cautious optimism. The 14-day RSI at the daily level is firmly above 50 (the latest value is 61.38), like a compressed spring, neither overheating nor exhausting. You know, when the RSI climbs in the 50-75 range, it often means that the main funds are quietly laying out.
Even more exciting is the reversal script at the 4-hour level: RSI strongly pulls back to 53.43 from the panic area below 30, the smoke of short positions has not yet dissipated, and the bulls have begun to test the upper pressure. This "oversold after the carp jumps" trend, combined with the potential bullish divergence at the daily level (the price hits a new low while the RSI rises), is very similar to the technical structure before the start of the bull market in early 2023.
The key support level of $109,000 has become a battleground for both long and short positions. It is not only a psychological barrier, but also a hub for RSI kinetic energy conversion. As long as RSI can continue to hold the 50-axis line, just like Bitcoin did in April 2024, a new round of charge may sound at any time. The market is speaking with data: RSI is becoming more and more "resistant to decline" when falling, and more and more "daring to rise" when rising, which may imply that the real moment of change is approaching.
The market has never lacked opportunities. The question is whether you can seize them. Only by following experienced people and the right people can we make more money! There is still room for the team, speed up
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