{"content":"$BTC Yesterday, Bitcoin peaked around 106,488, just at the 20-day line of 106,510 where it encountered resistance and slightly pulled back. This rebound from around 100,000 to 106,000 exceeded expectations. From the daily MACD perspective, it would be better to have another pullback here before a golden cross. Combined with the current daily candlestick trend, it remains bearish until it effectively stands above the 20-day line. Currently, the 60-day line has risen to around 98,900, and it is expected that this week will see a retest of the 60-day line, with a high probability of a false breakout. In summary, it is better not to chase the current rebound, as we should guard against the possibility of the market makers dumping and pulling back at any time. Last week, the weekly candle closed with a long lower shadow and a bullish doji, ultimately not closing bearish. Therefore, from a weekly candlestick pattern perspective, there is a higher probability that this week will close with a bearish candle that recovers last week's lower shadow. For low-risk buying in anticipation of a rebound, we should pursue a risk-reward ratio. The current position is not very suitable, with a potential rise of two to three thousand points versus a potential decline of seven to eight thousand points, which shows a significant difference. It's better to continue waiting. Summary: 1. Bitcoin encountered resistance near the 20-day line of 106,510, and it is expected that this week will retest the 60-day line. 2. This week and next week, it would be appropriate to observe for stabilization near the 60-day line before attempting to capitalize on the rebound.","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}