Trader Skew: Cautiously optimistic about the current Bitcoin rebound trend, the market seems to lean bullish

ChainCatcher news, according to Cryptonews, trader Skew holds a cautiously optimistic view on the current Bitcoin rebound trend, believing that the market seems to lean bullish. He pointed out that the rebound has pushed the price from $68,000 to $108,000 and mentioned that the relative strength index (RSI) on the 4-hour chart shows a "clear" bullish divergence.

Material Indicators co-founder Keith Alan noted that the Bitcoin price is caught between the 21-day SMA (approximately $99,600) and the 50-day SMA (approximately $94,650), with key support still above the 21-day SMA. Crypto investor Satoshi Stacker believes that due to the holiday closure of the U.S. traditional financial markets, the Bitcoin market will temporarily ease selling pressure.