Thursday Morning Bitcoin Market Analysis (These days, I can only say: technical support, geopolitical events catalyze!)

On the daily chart, the bullish structure has formed. Let's observe the market; the current level has already given a clear buy signal. All moving averages are turning upward, confirming the bullish trend. After the golden cross, the upward divergence continues. The short-term moving averages are firmly supporting the candlesticks, indicating that the medium-term bullish trend is fully established, with strong support below. The bullish volume remains healthy, with no signs of volume stagnation, suggesting sufficient buying power and no exhaustion of upward momentum.

The latest price of 71 has directly broken above the double moving averages, indicating a typical trend-following bullish market. Market dips are opportunities to buy!

Key Support and Resistance Levels
Strong support below: 688-694, which is the core defense zone for this rebound. As long as the daily close does not fall below this range, the bullish trend remains intact.

First resistance above: After breaking the previous rebound high of 73, the next target is directly in the 76-78 range. The medium-term target is the previous high starting with 9!

Trading suggestion: Buy around 705
Target: 72-73 range
Stop loss: 695
Break below: look for 74! #Gate广场四月发帖挑战 $ETH $BTC