Analysis: Bitcoin Long-Term MACD Indicator Releases Bullish Signal, $71,147 Becomes Key Level for Trend Confirmation

CoinFeed July 10 news, according to CoinDesk report, Bitcoin's long-term MACD indicator has broken above the zero line, issuing a bullish signal, suggesting that the recent rebound breaking through $64,000 may continue. The indicator uses longer cycle parameters to filter out short-term noise, and during the decline from the historical high of $126,000, the downward signal accurately corresponded to the sharp drop, and the upward signal accurately corresponded to the rebound. Analysts pointed out three key resistance levels: the 50-day moving average around $65,434, the mid-June high of $67,292, and the 200-day moving average around $71,147. Breaking through the 200-day moving average is the key signal for confirming a full bullish trend. In addition, the open interest of the $80,000 strike price in the Deribit options market has a nominal value exceeding $1.21 billion, the highest among all strike prices.