According to ChainCatcher news, as reported by Cryptonews, trader Skew is cautiously optimistic about the current Bitcoin rebound trend, believing that the market seems to lean bullish. He noted that the rebound has pushed the price from $68,000 to $108,000 and mentioned a 'clear' bullish divergence in the relative strength index (RSI) on the 4-hour chart.
Material Indicators co-founder Keith Alan pointed out that the Bitcoin price is stuck between the 21-day SMA (approximately $99,600) and the 50-day SMA (approximately $94,650), with key support remaining above the 21-day SMA. Crypto investor Satoshi Stacker believes that due to the U.S. traditional financial market holiday, the Bitcoin market will temporarily ease selling pressure.
