Sunday, 4.5, Bottoming and Consolidation at Low Levels, Bulls About to Explode

Over the weekend, the overall market volatility was limited, mainly fluctuating within the 66,500-67,500 range. Yesterday also indicated trading around this zone, with the trend aligning closely with expectations. Currently, the price remains consolidating at low levels, with multiple tests of support that have not broken, showing clear bottoming behavior. For future trading, maintain a primarily long bias at low levels.

Although the daily chart shows prices temporarily below the 50-day and 200-day moving averages, the moving averages are flattening and the downward slope is narrowing, indicating that the medium-term downtrend has ended. Several days of small candles—both bullish and bearish—are a "bottoms with decreasing volume consolidation," a typical pre-reversal signal. The bearish momentum is exhausted, and the bulls are gradually gaining control. The MACD green bars are continuously shrinking, and the DIF and DEA are about to form a golden cross. The RSI has rebounded from oversold levels below 30 to around 45, with a clear divergence signal, indicating that a rebound is imminent.

On Sunday morning, it is recommended to go long on Bitcoin at 66,500-66,000, targeting the 68,000-69,000 zone.