After the daily chart structure of Bitcoin solidified its bottom, it has begun a strong rebound. The price has established an upward channel pattern, with medium-term bullish momentum dominating. The frequent upper and lower shadows appearing on short-term charts are signals of capital turnover and the clearing of floating positions. During this process, the lows are gradually rising, showing signs of accumulated volume and upward attack. Currently, the market is in the stage of energy accumulation before a rapid surge. The trading strategy should focus on a bullish approach, waiting for the price to pull back to the lower boundary of the channel or key moving averages to gradually enter long positions. Strict risk control should be set, with particular attention to volume breakout signals in the resistance area above.
It is recommended to go long around 63000 and 63500, with the first target at 66000, and a breakout to 70000.
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After the daily chart structure of Bitcoin solidified its bottom, it has begun a strong rebound. The price has established an upward channel pattern, with medium-term bullish momentum dominating. The frequent upper and lower shadows appearing on short-term charts are signals of capital turnover and the clearing of floating positions. During this process, the lows are gradually rising, showing signs of accumulated volume and upward attack. Currently, the market is in the stage of energy accumulation before a rapid surge. The trading strategy should focus on a bullish approach, waiting for the price to pull back to the lower boundary of the channel or key moving averages to gradually enter long positions. Strict risk control should be set, with particular attention to volume breakout signals in the resistance area above.
It is recommended to go long around 63000 and 63500, with the first target at 66000, and a breakout to 70000.