Bitcoin: V-Shaped Reversal Sparks $2427 Bounce

Bitcoin carved a V-shaped reversal on the 15-minute chart, snapping $2427 higher from the lows in a move that flipped sentiment from capitulation to aggressive buying, according to @TATrader_Alan.

The pattern typically emerges after oversold conditions or short-covering spikes and often marks the first leg of a relief rally when a catalyst arrives. On the 4h timeframe, price sits inside the Bollinger Bands with the upper band at $78749.09 providing immediate resistance while the lower band at $76461.38 offers short-term support; the bearish structure defined by EMA50 at $78470.97 and EMA200 at $80820.09 remains intact, yet the MACD golden cross at -328.28 hints at building bullish momentum that could drive a test of the upper band before any deeper retracement to the 50-EMA.