Bitcoin has staged a strong rebound, with the daily chart showing a bullish belt hold and price consolidating around 114,300.
🔑 Technical Outlook:
Both hourly and daily MACD indicators have formed a golden cross, signaling continued upward momentum.
This rebound has successfully broken through key resistance, suggesting a clear trend reversal.
🎯 Trading Strategy:
As long as Bitcoin stays above 113,340 (key support), the pullback remains healthy.
Potential long entry range: 113,000 – 113,500.
Upside targets: 115,000 – 116,000.
⚡ Market Sentiment: With strong technical resonance, Bitcoin is poised to maintain strength in the short term. Traders should stay vigilant but can confidently seize rebound opportunities for potential gains.
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Bitcoin has staged a strong rebound, with the daily chart showing a bullish belt hold and price consolidating around 114,300.
🔑 Technical Outlook:
Both hourly and daily MACD indicators have formed a golden cross, signaling continued upward momentum.
This rebound has successfully broken through key resistance, suggesting a clear trend reversal.
🎯 Trading Strategy:
As long as Bitcoin stays above 113,340 (key support), the pullback remains healthy.
Potential long entry range: 113,000 – 113,500.
Upside targets: 115,000 – 116,000.
⚡ Market Sentiment:
With strong technical resonance, Bitcoin is poised to maintain strength in the short term. Traders should stay vigilant but can confidently seize rebound opportunities for potential gains.
#Bitcoin #CryptoTrading #BTC #BullishTrend