The short-term technical outlook and market sentiment for Bitcoin are both showing clear bullish signals. The MACD golden cross pattern has already formed, accompanied by a continuous narrowing of the green bars. This indicates that the bearish momentum is gradually weakening, and the short-term rebound is entering a critical stage.
Meanwhile, the middle band of the Bollinger Bands provides effective support. After a price rebound, it has stabilized within the middle and upper band range. The narrow-range oscillation pattern has been broken, and the bullish momentum is continuously being released.
It is recommended to go long around 86,700 and 86,200, with the initial target at 88,600, and a breakout to look towards 90,600.
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The short-term technical outlook and market sentiment for Bitcoin are both showing clear bullish signals. The MACD golden cross pattern has already formed, accompanied by a continuous narrowing of the green bars. This indicates that the bearish momentum is gradually weakening, and the short-term rebound is entering a critical stage.
Meanwhile, the middle band of the Bollinger Bands provides effective support. After a price rebound, it has stabilized within the middle and upper band range. The narrow-range oscillation pattern has been broken, and the bullish momentum is continuously being released.
It is recommended to go long around 86,700 and 86,200, with the initial target at 88,600, and a breakout to look towards 90,600.