Looking at the 4-hour chart of Bitcoin, the recent trend is quite interesting. Yesterday, the big pancake found significant support near the 30-day moving average, which is a crucial level. From the MACD perspective, although the red bars are shrinking, the fast and slow lines are still firmly above the zero axis, indicating that the bearish momentum is not very strong. In this situation, the bulls still have a chance. From a technical analysis standpoint, this type of rebound signal is worth paying attention to. The indicator combination seems to support the possibility of continued upward movement.
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BearMarketSurvivor
· 9h ago
The 30-day moving average found support again, I'm tired of this routine... MACD looks pleasing but I always feel that rebounds tend to top out quickly.
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SneakyFlashloan
· 9h ago
The 30-day moving average held up there. It feels like the bulls still have a chance in this wave.
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GateUser-e19e9c10
· 9h ago
The 30-day moving average support has indeed held up this time, but I still need to see a breakout before I dare to act.
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PensionDestroyer
· 9h ago
The 30-day moving average has stabilized this wave, and the bears don't have much strength. It feels like it can go higher.
Looking at the 4-hour chart of Bitcoin, the recent trend is quite interesting. Yesterday, the big pancake found significant support near the 30-day moving average, which is a crucial level. From the MACD perspective, although the red bars are shrinking, the fast and slow lines are still firmly above the zero axis, indicating that the bearish momentum is not very strong. In this situation, the bulls still have a chance. From a technical analysis standpoint, this type of rebound signal is worth paying attention to. The indicator combination seems to support the possibility of continued upward movement.