The oversold rebound of BTC has finally arrived!
On the weekly chart, BTC's price has dropped to near the Fibonacci retracement level of 0.618, with a low of 60,000 and an expectation of 58,000, just 2,000 points apart.
On the daily chart, there is a divergence between BTC's volume and price, with the trading volume doubling compared to the volume on the day of 1011. This divergence indicates that the price is oversold, and a rebound trend is expected.
On the four-hour chart: Currently, it is a bullish candlestick with a long lower shadow, and we need to see how it closes at twelve o'clock.
The first target price for the rebound is 68,000, and the second target price is 74,500. Once the rebound is complete, BTC will once again decline to test the bottom, with the next bottom expected to be around 40,000.
Pay attention to position control after the rebound is in place and the risks of another decline to test the bottom.