#BTC Yesterday’s price action first surged higher, rising to 8.29 before meeting resistance and pulling back, and then it kept ranging. As for the plan: first it would dip up to 821, then dip down to 817. After returning to around the 813 area, it then continued to trade within the range. In total, it captured about 3,500 points of room. Yesterday was once again a perfect rhythm—just that the position was taken a bit earlier. After three consecutive daily bullish candles, will it keep pushing higher or reverse…

From the perspective of the overall trend structure, after the daily chart pierced through the Bollinger Bands upper band, it failed to open up and expand. The two-day chart is also capped by the Bollinger Bands upper band under pressure, and the three-day Bollinger Bands likewise failed to open up and expand. So the continuation of the “dip” is somewhat lacking, but we still need to watch the closing: if at the close the Bollinger Bands open up and expand, then there is still an expectation for further upside; if instead the bands “tighten” and narrow, then the expectation for a pullback is higher. Right now, the structure is still strong, so we should still treat it as bullish first.

In the early morning, from around 811 to 808, dip first—then we look toward around 826.