The Bitcoin market has recently seen some exciting changes. After a period of stagnation, the BTC price found support around the 112301 level and subsequently began a fluctuating upward trend.



Technical analysis shows that multiple indicators are improving. The MACD indicator has formed a golden cross above the zero line, which is typically seen as a bullish signal. At the same time, the continued expansion of the bullish energy bars also confirms the accumulated upward momentum in the market.

Driven by these positive factors, the price of Bitcoin is approaching the mid-band of the Bollinger Bands at 116,000 points. This trend indicates that there may be further upside potential in the short term.

For traders, this may be an opportunity worth paying attention to. Bitcoin may have an entry opportunity between 113000 and 113500, with a potential target price around 116500. At the same time, Ethereum has also shown a similar opportunity, with possible entry points between 4300 and 4330, and a target price around 4450.

However, investors should remain cautious. The volatility of the cryptocurrency market has always been significant, and although current technical indicators are bullish, changes in market sentiment can quickly alter the situation. It is recommended that investors carefully assess risks before making any decisions and combine other analytical methods to validate these signals.

Overall, the Bitcoin market seems to be brewing a wave of upward movement, but whether it can be sustained still requires further observation. In any case, this positive change has injected new vitality into the market, making it worthy of close attention.
BTC-1.36%
ETH-4.25%
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TokenomicsTrappervip
· 15h ago
textbook exit liquidity formation tbh
Reply0
mev_me_maybevip
· 15h ago
Have you looked at the moving averages, bro?
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BearMarketMonkvip
· 15h ago
Leave it to fate and take a gamble.
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FlashLoanPrincevip
· 15h ago
All in and it’s done. If you don’t go all in, how can you make money!
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DegenDreamervip
· 15h ago
get out of positions and lose, enter a position and rise
View OriginalReply0
GateUser-4745f9cevip
· 16h ago
play people for suckers and that's it!
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