Sunday Bitcoin Early Morning Analysis: Four-hour pullback accumulation complete, bulls ready to explode. After retesting from 74,000, the price has been grinding support repeatedly in the 68,000 to 71,000 range. Now it has firmly stood above the Bollinger Band midline. The EMA trend indicator and moving average system have formed a bullish alignment. Long-term moving averages have flattened and turned, signaling the end of the downtrend and a full takeover by bulls in the market. MACD energy indicator shows a golden cross above. Support confirmed at 68,000. The 70,000 to 71,000 range has been tested multiple times by major players, with support effect maxed out. As long as this range doesn't break, the uptrend north won't change!



Short-term trading reference: Since no trade is 100% certain, always set stop losses—safety first. Small losses, big gains is the goal.

Lower support at 70,500 to 70,000 heading north, stop loss 500 points, target 72,000 to 72,500, breakout target 73,000 to 74,000.
BTC0.57%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin