Bitcoin Golden Cross Signals Emergence, Strong Rebound Expected Within 30 Days

Despite Bitcoin briefly surging to $74,000 on Wednesday, it quickly retraced and is currently consolidating around $68,000, failing to break through its previous consolidation range. The core signal attracting market attention comes from a key technical indicator – a 'golden cross' appearing in the capital flow between spot and derivatives exchanges. According to analyst CW, this pattern has historically been a precursor to Bitcoin initiating strong upward movements, although historical data shows that the rebound does not happen immediately.

Looking back at past cycles, after the end of the 2019 bear market, Bitcoin began to rise sharply within about 30 days after the golden cross formed; in 2023, this extended to about 40 days. Based on this, it is inferred that the current cycle may be entering a similar time window, and the next month may continue to show a volatile pattern, but the trend has fundamentally reversed, and a large-scale upward movement is brewing.

Several other traders have pointed out that the current market exhibits a typical cyclical pattern: after each 'bubble-like surge' (such as the $126,000 high reached in October this year), market liquidity evaporates rapidly, short-term momentum fades, and prices return to the long-term macro trend line. Currently, the support level of this trend line is around $60,000. As long as Bitcoin does not continuously fall below this level, the overall cycle structure is still considered valid. The market generally believes that each complete cycle of Bitcoin is accustomed to 'teaching those who chase highs a lesson' – investors who enter at the high points often face deep corrections. However, for participants who persist in holding and patiently waiting, the resilience of the cycle and historical patterns still provide clear guidance: as long as the support holds, the trend remains.