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Bullish sentiment explodes! $BTC is set to sound the horn for a counterattack tonight?
The hourly chart has already given a clear signal! After bottoming out at the strong support level of $76,000, the price rebounded strongly to consolidate around $77,147. The RSI indicator turned upward and broke through 60, indicating bullish momentum is continuously building. The EMA moving averages have also shifted from suppression to an upward turn, and the short-term rebound channel has been opened.
More importantly, market sentiment has become one-sided! On Polymarket, the odds of $BTC rising today are as high as 79%, with a target directly at $83,620, showing obvious signs of capital rushing in. As long as the price holds above the $78,000 level tonight, it is highly likely to directly challenge the previous high of $82,000 and initiate a main upward wave.
Meanwhile, $ETH is also recovering in sync, with a linkage effect already evident. Funds are seeking new breakout points from the mainstream coin volatility. Against the backdrop of the S&P 500 index turning down early in the session, the crypto market has instead shown an independent trend. This rebound is very likely the starting point of a new wave of gains.
However, it is also a reminder that the current market is highly volatile. Do not blindly chase highs, practice good risk management, and avoid letting emotions influence trading decisions.