This week, Bitcoin continued from last week’s around 68,900, initially rising to around 72,000, then pulling back to a low of about 65,500. It is currently trading near 66,800.

The 4-hour KDJ has formed a golden cross, and the RSI is gradually rising from the oversold area, indicating that bearish momentum has significantly weakened. After yesterday’s decline, panic sentiment was released in full, and a clear sign of a trend reversal has appeared on the 4-hour chart.

It is recommended to go long around 65,600, add positions at 64,600, with the first target at 68,700, and a breakout above that could see it rise to 74,400.