Bitcoin has undergone a significant pullback in the early stages and tested key support levels, successfully stabilizing and initiating a strong rebound.
On the 4-hour chart, the Bollinger Band middle band has shifted from strong resistance to support. The KDJ three lines formed a golden cross at low levels and continue to diverge upward, with the J line strongly breaking through the 80 overbought zone, indicating extremely strong short-term upward momentum and buy signals.
Looking upward from around 703-697 support toward 715-718 resistance. If the 720 level is broken, continue watching 72300-72800-73200.
Bitcoin has undergone a significant pullback in the early stages and tested key support levels, successfully stabilizing and initiating a strong rebound.
On the 4-hour chart, the Bollinger Band middle band has shifted from strong resistance to support. The KDJ three lines formed a golden cross at low levels and continue to diverge upward, with the J line strongly breaking through the 80 overbought zone, indicating extremely strong short-term upward momentum and buy signals.
Looking upward from around 703-697 support toward 715-718 resistance. If the 720 level is broken, continue watching 72300-72800-73200.