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BTC 4-Hour Chart Deciphered: Oversold Rebound Signal Emerges, Bullish Momentum Quietly Strengthening
【CryptoWorld】After reviewing the recent 4-hour BTC candlestick chart, there are some interesting signals.
From a price perspective, it has clearly rebounded since 4 PM the day before yesterday. Although it slightly retreated compared to 8 PM yesterday, the overall trend still shows a large bullish candlestick pattern, with the last candle closing higher than it opened—indicating that the bulls are still trying to seize control.
However, trading volume has been somewhat quiet, with recent hours seeing continuous decline in transaction volume. The price increase is accompanied by decreasing volume, indicating a clear lack of market participation. This “price and volume decline” signal often suggests the market may be gathering strength before a move.
On the technical side, it’s even more interesting: although the MACD histogram remains in the negative zone, the bars are gradually shortening—this precisely indicates that the bearish momentum is waning, and the bulls are quietly accumulating. The KDJ indicator has already formed a death cross, with values around 15, clearly in the oversold zone. The RSI is even more straightforward, dropping below 30. According to conventional analysis, this is a typical oversold signal, and the probability of a rebound is quite high.
Based on current data, if considering building a position:
Support is at 88653.0, resistance at 96881.0. From the recent low of 88427.66 to the recent high of 95573.64, the upside potential in this range is quite attractive.
The key is to wait for volume to pick up before confirming whether the bullish trend is truly starting or just a false alarm.