As the morning weekly close approaches, Bitcoin dipped down to 65,000. After the dip, it reversed and has now reached around 68,000. The rebound is nearly 3,000 points, marking the first relatively strong rebound in four or five days. With a slight pullback, it could be a good entry point to buy and head north, and there should still be volume tonight.



From a technical perspective, the daily chart shows the bearish trend beginning to shrink. Currently, it's a small bullish candle. On the four-hour chart, the MACD has a death cross but is trending upward, although there is resistance at 68,000. Based on the current trend, there is a chance of a breakout tonight.

Bitcoin trading suggestion: Buy at 67,500 with a target of 69,300.
BTC1,79%
View Original
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