The recent trend of Bitcoin is captivating. From the BOLL indicator, the periods from 1 minute to 12 hours are in a squeezed state, which usually indicates that a major fluctuation is coming. The current market may be quite perilous, so one should be extra cautious when making trades.



Looking down, the support levels are mainly concentrated at two levels. The support at the 12-hour and daily levels is around 85700-85000, which is a critical position. If the price falls back to this area, you might consider trying a long position, but be sure to set a stop-loss; don't let greed make you let your guard down. Once it breaks below this position, you must decisively protect your position and not be overly optimistic.

In terms of pressure, the resistance band between 30 minutes to 12 hours is between 88k and 90k. When approaching this range, one can consider shorting based on specific circumstances or wait for AI signal prompts to enter the market. Looking upwards, the daily level resistance is around 93k, which also shows signs of contraction. Overall, this is a period that requires cautious handling.
BTC0.64%
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FallingLeafvip
· 12-24 02:50
I'm tired of hearing about this Bollinger Band squeeze; every time it's said that there will be an explosion, but what happens? In the end, it's just repeated dumping. This support at 85700 needs to be maintained, otherwise we'll really have to Cut Loss.
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MetaEggplantvip
· 12-24 02:36
The Bollinger Bands are starting to squeeze again, hopefully it won't just be another false alarm... Forget it, let's aim for 85700, or else I might just lay flat.
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TopBuyerBottomSellervip
· 12-24 02:30
The Bollinger Bands have squeezed again, is it really going to move this time... They said the same thing last year, haha.
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