Bitcoin experienced a mostly sideways downward trend in the short term last night. On the 4-hour chart, the price is currently operating above the lower Bollinger Band support. In the short term, the support is effective, and a rebound with increased volume could give the bulls a chance to rebound. The hourly RSI is approaching oversold levels, indicating potential for a rebound. Therefore, in the early session, we can rely on the lower band support to look for a rebound and adjustment. For trading, consider buying on dips during the pullback.
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$BTC
Bitcoin experienced a mostly sideways downward trend in the short term last night. On the 4-hour chart, the price is currently operating above the lower Bollinger Band support. In the short term, the support is effective, and a rebound with increased volume could give the bulls a chance to rebound. The hourly RSI is approaching oversold levels, indicating potential for a rebound. Therefore, in the early session, we can rely on the lower band support to look for a rebound and adjustment. For trading, consider buying on dips during the pullback.