Bitcoin prices rose strongly, with an increase of nearly 5%, and successfully broke through the key pressure level of 62,500, and then tested the pressure zone of 63,800 in a positive manner. This wave of rising momentum is strong. Bitcoin not only stood above 62,000, but also broke through 62,500 in one fell swoop, and stood firmly above the 100-hour simple moving average. Judging from the hourly chart, the Bitcoin market has successfully broken through the important downward trend line that has been suppressed at 61,000 for a long time, showing a significant increase in the power of the bulls.

However, the market is always full of variables. If Bitcoin fails to successfully reach 64,000, it may trigger a correction. In this case, 62500 will also become the first support level, while 61800 is a more important support area. This is not only the 50% Fibonacci retracement level in the process of the price rebounding from around 60000 to 63800, but also the market An important psychological barrier for both bulls and bears. If the market continues to decline, 61250 near the 100 hour simple moving average will provide additional support. Looking at technical indicators, the MACD (Moving Average Convergence Divergence Index) on the hourly chart is accelerating upward within the bullish zone, showing that market momentum is increasing. At the same time, the RSI (relative strength index) has also exceeded the 50 level, further confirming the strong state of the market. #meme板块关注热点 #以太坊ETF批准预期 #币安合约锦标赛 $BTC $ETH $BNB