Bitcoin is currently firmly above the key support zone, which is the "lifeline" of this rebound. On the hourly chart, bullish momentum is strengthening, and although the long-term moving averages indicate there is still room above, the short-term has already shown potential for an upward breakout. This is a critical period of strategic play; while there may be short-term fluctuations, the rebound structure remains intact, and the next surge could start at any time!
Recommended to go long around 63100 and 62600, with the first target at 65500, and if broken, look towards 67600.
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Bitcoin is currently firmly above the key support zone, which is the "lifeline" of this rebound. On the hourly chart, bullish momentum is strengthening, and although the long-term moving averages indicate there is still room above, the short-term has already shown potential for an upward breakout. This is a critical period of strategic play; while there may be short-term fluctuations, the rebound structure remains intact, and the next surge could start at any time!
Recommended to go long around 63100 and 62600, with the first target at 65500, and if broken, look towards 67600.