There is already a situation of oversold divergence, with the 4-hour RSI below 30, forming a bullish divergence with the price, indicating short-term rebound momentum is building. From the support zone, 59000–60000 is a previous area of high trading volume and a psychological barrier, with potential buy support! However, we cannot rule out the possibility of further decline, as this could be part of a bear market process, so be very cautious with stop-losses when catching rebounds!
Bitcoin: Watch around 64000-63500 for a bounce, target around 65500-68000
Altcoin: Watch around 1850-1880 for a bounce, target around 1950-2000
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Today's public thoughts:
There is already a situation of oversold divergence, with the 4-hour RSI below 30, forming a bullish divergence with the price, indicating short-term rebound momentum is building.
From the support zone, 59000–60000 is a previous area of high trading volume and a psychological barrier, with potential buy support! However, we cannot rule out the possibility of further decline, as this could be part of a bear market process, so be very cautious with stop-losses when catching rebounds!
Bitcoin: Watch around 64000-63500 for a bounce, target around 65500-68000
Altcoin: Watch around 1850-1880 for a bounce, target around 1950-2000