$BTC Bitcoin rebounds to $83,000 ๐ฅ
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๐ข $BTC Bitcoin rebounds to $83,000; short-term outlook remains bearish
โ ๏ธ Technical analysis: BTC has rebounded to around $83,000. The 1-hour moving averages are in a bullish alignment and spreading upward. The MACD golden cross is followed by steadily growing red bars, while K has crossed above D on the KDJ and has not entered overbought territory, indicating strong short-term momentum. However, the 4-hour chart remains range-bound, and the daily bearish moving-average alignment has yet to reverse. The 4-hour volume ratio is only 0.71, indicating a clear drop in volume and insufficient volume behind the rebound. Resistance is at 87385, with support at 80096. Until a breakout, this is still best viewed as an oversold rebound.
๐ข Market update: A wallet linked to the 2016 Bitfinex hack transferred 12,267 BTC (about $1.01 billion) to a new address. The movement of such a large amount of Bitcoin has sparked concerns about selling pressure, keeping sentiment cautious in the short term and limiting the rebound.
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๐ Follow for real-time market updates ๐
#ๆๆฏๅๆ #Bitcoin rebounds to $83,000 #BTC
๐ When trading, pay attention to whether the candlestick pattern confirms the move
โโโโโโโโโโโโโโโโโโโโ
๐ข $BTC Bitcoin rebounds to $83,000; short-term outlook remains bearish
โ ๏ธ Technical analysis: BTC has rebounded to around $83,000. The 1-hour moving averages are in a bullish alignment and spreading upward. The MACD golden cross is followed by steadily growing red bars, while K has crossed above D on the KDJ and has not entered overbought territory, indicating strong short-term momentum. However, the 4-hour chart remains range-bound, and the daily bearish moving-average alignment has yet to reverse. The 4-hour volume ratio is only 0.71, indicating a clear drop in volume and insufficient volume behind the rebound. Resistance is at 87385, with support at 80096. Until a breakout, this is still best viewed as an oversold rebound.
๐ข Market update: A wallet linked to the 2016 Bitfinex hack transferred 12,267 BTC (about $1.01 billion) to a new address. The movement of such a large amount of Bitcoin has sparked concerns about selling pressure, keeping sentiment cautious in the short term and limiting the rebound.
โโโโโโโโโโโโโโโโโโโโ
๐ Follow for real-time market updates ๐
#ๆๆฏๅๆ #Bitcoin rebounds to $83,000 #BTC
๐ When trading, pay attention to whether the candlestick pattern confirms the move