$BTC Bitcoin’s push toward $87,000 was rejected and price pulled back 🔥
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🔴 $BTC Bitcoin’s push toward $87,000 was rejected and price pulled back | Short-term bullish · Multi-timeframe confluence
⚠️ Technicals: The daily and 4h moving averages are both in bullish alignment and spreading upward. ADX readings are 43.6 and 35.5, respectively, indicating strong trends and a classic multi-timeframe upward confluence. After the MACD golden cross, volume increased and the histogram’s red bars continued to grow. On the KDJ, K crossed above D and has not yet entered overbought territory. Bitcoin failed to hold above the $87,000 resistance level and pulled back. The 4h volume ratio is just 0.21, suggesting a low-volume retest. Initial support is around $75,000; as long as that level holds, the trend remains bullish.
📢 Market update: U.S. spot ETFs continue to see net inflows, and institutions are clearly willing to buy dips. Combined with rising expectations of Fed rate cuts this year, overall market flows are bullish. Sentiment has turned slightly cautious after the short-term rally met resistance, but profit-taking pressure is limited, making this pullback look more like a shakeout.
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🔔 Follow for first-hand market updates 🔔
#技术分析 #多周期共振 #Bitcoin’s push toward $87,000 was rejected and price pulled back #BTC
📌 When trading, pay attention to whether the candlestick patterns confirm the setup
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🔴 $BTC Bitcoin’s push toward $87,000 was rejected and price pulled back | Short-term bullish · Multi-timeframe confluence
⚠️ Technicals: The daily and 4h moving averages are both in bullish alignment and spreading upward. ADX readings are 43.6 and 35.5, respectively, indicating strong trends and a classic multi-timeframe upward confluence. After the MACD golden cross, volume increased and the histogram’s red bars continued to grow. On the KDJ, K crossed above D and has not yet entered overbought territory. Bitcoin failed to hold above the $87,000 resistance level and pulled back. The 4h volume ratio is just 0.21, suggesting a low-volume retest. Initial support is around $75,000; as long as that level holds, the trend remains bullish.
📢 Market update: U.S. spot ETFs continue to see net inflows, and institutions are clearly willing to buy dips. Combined with rising expectations of Fed rate cuts this year, overall market flows are bullish. Sentiment has turned slightly cautious after the short-term rally met resistance, but profit-taking pressure is limited, making this pullback look more like a shakeout.
════════════════════
🔔 Follow for first-hand market updates 🔔
#技术分析 #多周期共振 #Bitcoin’s push toward $87,000 was rejected and price pulled back #BTC
📌 When trading, pay attention to whether the candlestick patterns confirm the setup
