#Digital Money Market Rebounds The Bitcoin daily chart shows a bullish belt hold, clearly establishing an upward trend, with the current price consolidating around 114300. From a technical perspective, both the hourly and daily MACD indicators have formed a golden cross pattern and are trending upwards, clearly indicating that the current market is dominated by long positions. This strong rebound not only successfully broke through key resistance levels but also marks a turning point in market trends.
In terms of trading strategy, as long as the pullback does not fall below the key support level of 113340, it can be considered an ideal time to enter long positions. Market participants may consider placing long orders within the range of 113500 to 113000, with an upward target of 115000 to 116000. The current resonance signals of technical indicators suggest that Bitcoin is likely to continue to maintain strength in the short term. Investors should remain vigilant but do not need to worry excessively. Appropriately seizing the rebound opportunities may yield good returns.
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#Digital Money Market Rebounds The Bitcoin daily chart shows a bullish belt hold, clearly establishing an upward trend, with the current price consolidating around 114300. From a technical perspective, both the hourly and daily MACD indicators have formed a golden cross pattern and are trending upwards, clearly indicating that the current market is dominated by long positions. This strong rebound not only successfully broke through key resistance levels but also marks a turning point in market trends.
In terms of trading strategy, as long as the pullback does not fall below the key support level of 113340, it can be considered an ideal time to enter long positions. Market participants may consider placing long orders within the range of 113500 to 113000, with an upward target of 115000 to 116000.
The current resonance signals of technical indicators suggest that Bitcoin is likely to continue to maintain strength in the short term. Investors should remain vigilant but do not need to worry excessively. Appropriately seizing the rebound opportunities may yield good returns.