$BTC
🚨BTC bottom signal confirmed! The pinning at 65700 has ended, and the bulls are gathering! 🚀
According to the Chande theory technical analysis, last night at 11 PM, BTC experienced a 30-minute level bottom divergence, which is very likely to trigger a four-hour upward movement (a segment of the 30-minute line), and the second buy in the four-hour pen has been established, with initial targets at 70800, 72500, and 74000. Currently, BTC has also retraced to near the Fibonacci 0.5 level.
Last night, the big coin was pinned down to around 65718, which was also a volume pin; generally, as long as the volume reclaims the support level, it indicates that the contract liquidation is very likely to bottom out. Currently, the BTC 30-minute structure is very full, having gone through two standard central areas plus a quasi-central area. Additionally, the four-hour MACD is about to golden cross, indicating a high probability of a bottom. I hope fans can catch a good medium-term rebound, and then wait for it to rise above 77000, followed by a complete four-hour structure + four-hour top divergence + four-hour pen second sell to make a medium-term short position.