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WikiBit
Technicals: BTC closed above its 50-week moving average for the first time in 45 weeks — historically a signal that bear market lows are ending. After similar breakouts in 2019 and 2023, BTC rallied 20%-30% within 1-2 weeks. This time, the move is notably weaker, with price essentially stagnant. 4H is deeply oversold, short-term bounce likely.
Strategy: Long BTC 82,500-83,000, TP 85,000, SL 81,500; Long ETH 2,610-2,630, TP 2,700, SL 2,550. Futures traders: 90%+ of 1-hour liquidations are longs
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