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The price of Bitcoin has rebounded today after a significant pullback yesterday, which aligns with previous market expectations. Although the extent of the rebound may not be large, this movement has at least temporarily boosted the confidence of bullish investors and alleviated the previous pessimism. It is worth noting that there has been no further decline today.
From a technical perspective, the moving average trend shows that although the rise the day before yesterday has completed the formation of the right angle of the ascending triangle, yesterday's pullback did not damage the overall upward trend; it only delayed the timing of the breakout.
In terms of trading volume, the VR indicator shows that the turnover activity in the past month may soon come to an end. The trend in the next few days will reveal whether the market is entering a bottom accumulation phase or a consolidation phase to entice buyers. Although the OBV indicator hit a new high yesterday, the increase is not significant. Today's pullback has not shown obvious outflow, suggesting that this may be a pullback rally.
From the Ichimoku chart perspective, the end of the cloud corresponding to yesterday's large bearish candle shows an ascending parallel channel, which further confirms the continuity of the upward trend.
Comprehensive analysis indicates that the market seems to be in a pattern of falling first and then rising. Investors need to closely monitor the upcoming price trends and changes in trading volume to assess the market direction.