#MarketRebound 📊 Technical Deep Dive: Is the $BTC Rebound Sustainable?
The charts are flashing green, but let’s look at the data behind the move
As Bitcoin leads the MarketRebound, here is what the technicals are telling us:
🔑 Key Levels to Watch
Immediate Resistance: We are currently testing the $68,500 zone
A daily candle close above this level could flip the script from a "relief rally" to a confirmed trend reversal
Support Base: The $64,200 level (the 50-day EMA) has held firm, acting as a strong floor during recent dips
📈 Indicators & Momentum
RSI (Relative Strength Index): Currently sitting around 62
This shows strong bullish momentum without being in the "overbought" territory yet—leaving room for more upside
Volume Profile: We’ve seen a significant spike in Buy Volume on Binance over the last 48 hours, suggesting institutional accumulation rather than just retail FOMO
MACD Cross: A bullish crossover on the 4H timeframe confirms that short-term momentum is firmly with the buyers
🛡️ The Professional Approach
While the setup looks promising, watch for a retest of the breakout level
Smart traders wait for the "flip" of resistance into support before increasing position sizes.
What’s your take?
Are we heading straight for a new ATH, or do you expect a pullback first? 📉📈
Drop your technical targets below👇
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