Odaily Planet Daily News: In the recent Bitcoin rebound, well-known trader Skew expressed cautious optimism about the current trend, stating that the market appears to lean bullish. He posted on X: "So far, this rebound has been effective, with prices retesting the systemic trend, rising from $68,000 to $108,000." He noted that the relative strength index (RSI) on the 4-hour chart shows a "significant" bullish divergence, describing the failed attempts to push down BTC/USD as a "failed auction." Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is still sandwiched between two key simple moving averages (SMA), with the 21-day SMA (around $99,600) and the 50-day SMA (close to $94,650) now defining BTC's immediate range. Alan is uncertain which level will break first and noted that Bitcoin has maintained support above the 21-day SMA since mid-October, briefly dipping below that level this week. Cryptocurrency investor Satoshi Stacker stated that the Bitcoin market will temporarily ease selling pressure due to the closure of the U.S. traditional financial markets for the holiday.

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