Bitcoin repeatedly retested support at 62,500 in the early morning, forming a bottom; bullish support is solid; in the morning, a large bullish candle broke above the moving average and surged nearly 1,500 points, showing waning bearish momentum.


Current price 63,600; on the 4-hour chart, it has firmly held the middle Bollinger Band, with the bands widening; the 63,600-63,300 zone has turned into strong support; as long as it holds, the bullish trend continues strongly.
If it breaks above 64,000 with volume in the afternoon, the upside targets are 64,500-65,200.
Operation: follow the trend and go long on dips; above the defense range of 63,300-63,500, you can enter long positions on pullbacks; if it holds above 64,000, look towards 64,500. Be cautious of profit-taking pressure on rapid surges; if it effectively breaks below 63,300, watch out for a fakeout and reassess the long/short direction. #非农爆冷打压加息预期
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
TheHotAirBalloonRisesAboveThe
· 9h ago
4-hour Bollinger Band opening + a big bullish candle—no problem with the bullish structure, but at the 64000 resistance, it’s a different story: don’t hard-chase it.
View OriginalReply0
DustyAirdropper
· 10h ago
The disappointing nonfarm payrolls did fuel rate cut expectations, but after the sharp rally, watch out for profit-taking sell pressure. If it breaks below 63300, I'm out.
View OriginalReply0
PerpPaperTiger
· 10h ago
63300held,thebrotherswhocaughtthedipandwentlongarefeelinggood.
View OriginalReply0
  • Pinned