$BTC Evening Analysis


Bollinger Band Parameters: Upper 740.6, Middle 74079, Lower 7370
The current price is running slightly below the middle band, and overall the market remains in a ranging consolidation pattern

After the market pulled back from the high and bottomed out before rebounding, the downside momentum continues to weaken. The Bollinger range keeps narrowing, and bulls and bears are temporarily in balance, with no clear one-sided trend for now.
Key defense below: Bollinger lower band at 73749, and the phase low at 73449
Key resistance above: Middle band suppression at 74079, and upper band resistance at 74408
Only if the price holds above the middle band can the rebound be extended; if the price breaks below the lower band, it will return to a weaker downward move.
With the market repeatedly oscillating and tugging back and forth right now, strictly control leverage risk. Do not blindly go against the trend to take positions. Wait patiently for the direction to break out, then follow through accordingly. Still, based on the morning analysis, mainly look for “Quan rebound, Quan trade.” #GatePreIPOs首发SpaceX
BTC0,97%
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