The early morning market shows a classic bullish shakeout pattern: after reaching around 64,700 on Bitcoin, it experienced a rapid thousand-point drop, touching as low as around 63,700. However, this did not lead to continued selling pressure; instead, the price quickly stabilized and rebounded, currently trading back above 64,100. From the volume-price relationship, this process is not a trend reversal—there was no volume during the decline, indicating a technical correction; the rebound after stabilization was accompanied by increased trading volume, suggesting strong intraday buy support in the 63,500-63,700 range. After a brief leverage washout, the market has returned to a strong zone.
From the perspective of key support and trend structure, the rapid rebound after the sharp decline confirms the effectiveness of the support below. This "trap/诱空" behavior is often a healthy adjustment within a bullish trend. The four-hour candlestick quickly formed a long lower shadow after the decline, a typical bullish continuation pattern. As long as the price can stay above the 64,000 level, the short-term bullish structure will remain intact, and the recent low could serve as a new starting point for the next upward move.
Regarding indicator performance and trading strategy, the hourly MACD fast and slow lines are expected to form a golden cross after retesting the zero line, with green bars beginning to appear, indicating the short-term correction is ending. The primary target remains the early morning high of 64,700. A successful breakout could further accelerate the upward movement. For intraday trading, as long as the price stays above the support zone of 63,800-64,000, the short-term approach should focus on low buy entries. If the price dips again into this area, it could present a good entry opportunity for bullish trend traders. #特朗普宣布新关税政策 #特朗普宣布新关税政策 $BTC
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The early morning market shows a classic bullish shakeout pattern: after reaching around 64,700 on Bitcoin, it experienced a rapid thousand-point drop, touching as low as around 63,700. However, this did not lead to continued selling pressure; instead, the price quickly stabilized and rebounded, currently trading back above 64,100. From the volume-price relationship, this process is not a trend reversal—there was no volume during the decline, indicating a technical correction; the rebound after stabilization was accompanied by increased trading volume, suggesting strong intraday buy support in the 63,500-63,700 range. After a brief leverage washout, the market has returned to a strong zone.
From the perspective of key support and trend structure, the rapid rebound after the sharp decline confirms the effectiveness of the support below. This "trap/诱空" behavior is often a healthy adjustment within a bullish trend. The four-hour candlestick quickly formed a long lower shadow after the decline, a typical bullish continuation pattern. As long as the price can stay above the 64,000 level, the short-term bullish structure will remain intact, and the recent low could serve as a new starting point for the next upward move.
Regarding indicator performance and trading strategy, the hourly MACD fast and slow lines are expected to form a golden cross after retesting the zero line, with green bars beginning to appear, indicating the short-term correction is ending. The primary target remains the early morning high of 64,700. A successful breakout could further accelerate the upward movement. For intraday trading, as long as the price stays above the support zone of 63,800-64,000, the short-term approach should focus on low buy entries. If the price dips again into this area, it could present a good entry opportunity for bullish trend traders. #特朗普宣布新关税政策 #特朗普宣布新关税政策 $BTC