The decisive battle tonight! Can BTC regain its strength by taking advantage of the rebound of the US stock market?
BTC will usher in a key battle! Can the rebound of the US stock market help BTC get rid of the dilemma of the correction?
Dear friends in the currency circle, BTC has a little correction recently, but let's not panic, there is still a chance! Look at this daily chart. Although BTC is still falling, the position of 93,000 is an iron support point. As long as it can hold, we don't have to be pessimistic.
Speaking of rebound, there are several key positions that we have to keep an eye on. The range of 97,200 to 97,600, and the middle track resistance of the daily line of 99,500, especially the latter, if BTC can rebound and stand firm, then the price will be like riding a rocket, and it will be able to return to the upper track of the daily line in a flash, and the bulls will be happy.
Look at the MA7 moving average again. It has changed from falling to stable, which shows that the short-term bullish power is quietly increasing. The RSI index also tells us that if the price falls to the daily support again, a rebound may be coming.
In the futures market, the long demand for BTC is also increasing, which is a big positive.
Let's talk about external factors. The US stock market has recently fallen due to the cautiousness before the data was released, but the market remains optimistic. Why? Because there is a "Santa Claus rebound" rule, which means that the US stock market usually rises at the end of the year and a few days after the New Year.
So, if the US stock market really rebounds tonight, it will be good news for the entire market, and the currency circle can also benefit from it.
Tonight, let's keep an eye on the trend of US stocks and BTC. As long as BTC can hold the key support, we don't have to worry too much. If the US stock market rebounds, the currency circle will be lively!
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