Bitcoin retraced to support and stabilized, short-term bullish setup has emerged After a rapid decline to the key support level of 86,000, Bitcoin stopped falling, and the 1-hour chart shows clear signs of stabilization and rebound. The current price has risen back to near the middle Bollinger Band, with moderate volume expansion, and buying pressure continues to absorb selling pressure below. The previous sharp decline has fully released short-term bearish momentum. The KDJ indicator is turning upward, and bullish sentiment is warming up accordingly. The low-cost buying opportunity is highlighted, and the probability of a continued rebound is very high. Consider long positions around 86,500-87,000 for Bitcoin, targeting 89,500-90,000 Consider long positions around 2,840-2,870 for Ethereum, targeting 3,000-3,030
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GateUser-669fcaa7
· 11h ago
Evening Analysis
Bitcoin rebounds after testing support, short-term bullish setup has emerged
Bitcoin previously dropped rapidly to the key support at 86,000 and stopped falling; the 1-hour chart shows clear signs of stabilization and rebound. The current price has risen back to near the middle Bollinger Band, with volume moderately increasing, and buying pressure continues to absorb selling pressure below.
The previous sharp decline has fully released short-term bearish momentum. The KDJ indicator is turning upward, and bullish sentiment is warming up. The low-cost entry points are becoming more attractive, and the probability of a continued rebound is very high.
Consider long positions around 86,500-87,000 for Bitcoin, targeting 89,500-90,000.
Consider long positions around 2,840-2,870 for Ethereum, targeting 3,000-3,030.$BTC $ETH #Trump cancels EU tariffs threat
Evening Analysis
Bitcoin retraced to support and stabilized, short-term bullish setup has emerged
After a rapid decline to the key support level of 86,000, Bitcoin stopped falling, and the 1-hour chart shows clear signs of stabilization and rebound. The current price has risen back to near the middle Bollinger Band, with moderate volume expansion, and buying pressure continues to absorb selling pressure below.
The previous sharp decline has fully released short-term bearish momentum. The KDJ indicator is turning upward, and bullish sentiment is warming up accordingly. The low-cost buying opportunity is highlighted, and the probability of a continued rebound is very high.
Consider long positions around 86,500-87,000 for Bitcoin, targeting 89,500-90,000
Consider long positions around 2,840-2,870 for Ethereum, targeting 3,000-3,030