#比特币与黄金战争 This Friday's market movement is indeed quite interesting. As soon as the US stock market opened, it plunged sharply, with $BTC dropping directly from 89,500 to around 86,600, creating a gap of over two thousand points in just a few days. Over the weekend, however, it has been consolidating sideways with signs of a slow upward trend.
From a daily chart perspective, Bitcoin has consistently been under pressure from the middle band of the Bollinger Bands. It has been stuck at this level for nine consecutive days, as if held down by an invisible force. However, recently, a narrowing of the Bollinger Bands has been observed—what does this mean? A trend reversal is imminent. Coupled with the end-of-year timing, a relatively obvious market movement is likely to occur.
Additionally, the OBV indicator has been gradually increasing, showing steady but not aggressive growth, with a clear upward trend. Based on these signals, the probability of an upward breakout next week is increasing. The recent Friday low has not been broken, and the price remains stable within the 86,000 to 90,000 range for swing trading. There is still room for upward exploration.
In terms of trading strategy, during intraday pullbacks, consider entering in batches. It is recommended to go long at 87,500 and 86,800, targeting a range of 88,500 to 89,000.
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MoonWaterDroplets
· 6h ago
Can the Bollinger Bands narrowing ignite the fire? It feels like another night of suppression.
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NotFinancialAdvice
· 6h ago
I didn't really notice the Bollinger Bands narrowing, but smashing from 89,500 down to 86,600 is indeed intense. But to be honest, I am increasingly losing faith in this kind of technical analysis; every time it predicts a trend reversal, it still just moves sideways, 🤷
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ReverseFOMOguy
· 6h ago
The Bollinger Bands narrowing theory has been heard too many times, and every time it predicts a trend reversal, but the price still remains sideways. Dropping to 86,600 this Friday was really shocking, but looking at the OBV still showing volume increase is quite interesting. Betting that next week it can break through 90,000.
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Token_Sherpa
· 6h ago
ngl the bollinger squeeze angle is interesting but... aren't we just building narrative around noise at this point? seen way too many "breakout imminent" calls that age like milk lol
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LiquidatedThrice
· 6h ago
The Bollinger Bands tightening pattern, I've heard it too many times. Every time they say it signals a trend reversal, but it just ends up consolidating forever.
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MercilessHalal
· 6h ago
The idea of Bollinger Bands narrowing has been heard many times. Will it really break through this time? It feels like we've been held down for quite a while.
#比特币与黄金战争 This Friday's market movement is indeed quite interesting. As soon as the US stock market opened, it plunged sharply, with $BTC dropping directly from 89,500 to around 86,600, creating a gap of over two thousand points in just a few days. Over the weekend, however, it has been consolidating sideways with signs of a slow upward trend.
From a daily chart perspective, Bitcoin has consistently been under pressure from the middle band of the Bollinger Bands. It has been stuck at this level for nine consecutive days, as if held down by an invisible force. However, recently, a narrowing of the Bollinger Bands has been observed—what does this mean? A trend reversal is imminent. Coupled with the end-of-year timing, a relatively obvious market movement is likely to occur.
Additionally, the OBV indicator has been gradually increasing, showing steady but not aggressive growth, with a clear upward trend. Based on these signals, the probability of an upward breakout next week is increasing. The recent Friday low has not been broken, and the price remains stable within the 86,000 to 90,000 range for swing trading. There is still room for upward exploration.
In terms of trading strategy, during intraday pullbacks, consider entering in batches. It is recommended to go long at 87,500 and 86,800, targeting a range of 88,500 to 89,000.