$BTC BTC is a key point tonight!

After a period of weak fluctuating rebound, although the moving averages on the 4-hour chart of BTC are in a bearish arrangement, the 26 moving average has started to move upwards, and the price is currently near the lower boundary of the recent upward oscillation, which is a key node for a trend change.

If there is a rebound at the lower support position, it will lead to a golden cross in the moving averages, then the weak fluctuating upward trend will turn into an accelerated rise; if the support lower boundary is broken, we need to wait for a rebound to confirm that support turns into resistance before switching to a short position.

Therefore, the current lower support position is a very critical trend change node, and today we need to increase our attention to it.