On Sunday, the Bitcoin price dipped below 89,000 and rebounded by a thousand points. The price fluctuation over the weekend was roughly around a thousand points. Although the market pace is relatively slow, to be honest, having such gains is still very satisfying.

Currently, the four-hour price is running in the middle to lower range. As long as the bottom of the K-line does not break, the price is bound to rebound. It should find direction during the evening session of the US market. After the drop on Friday and the closing pin bar, it has remained stable. As long as the price stays above 88,000, an increase is just a matter of time. The MACD indicator in the attached chart is gradually showing a decrease in bearish momentum, so I am optimistic about the market's upward trend.

The reference area is still the same as yesterday; a pullback below 89,000 can be used to position for a bullish outlook, with a target around 90,800. If it breaks through, it can continue to rise towards 92,000.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the restless trading market, navigating through three cycles of bull and bear markets and years of practical trading experience. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering them into his unique insights.

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