BTC bullish signals are strengthening, but the risk of a pullback remains!
According to the latest data, this rebound in BTC indeed has some substance! The price has surged to 107,745.4, with a 24-hour increase of 1.93110,392.01 at its peak, and it hasn't dropped below 107,320, making this volatility quite exciting.
From a technical standpoint, the bulls are clearly gaining support— the MACD histogram continues to be positive and is gradually lengthening, indicating that the bulls are starting to exert force. The MA10 is pushing the MA30 upwards, and the short-term moving average golden cross signal is pretty obvious, right?
However, the KDJ indicator is currently stuck at 71, a neutral level that doesn't provide a clear direction. At this time, chasing the highs may lead to being washed out by the main force.
The trading volume has been quite good, with a 24-hour transaction amount reaching 34 billion, but the turnover rate is only 2.862.14 trillion. This volume can be considered significant in the crypto world, but don't forget, BTC's historical highest price has reached 73,731.59, so this level of increase is still nothing much.
If you're not sure and keep chasing highs and selling lows, feel free to come chat. Like + comment, and Tiger Brother will get you on board.