Bitcoin price fluctuated around the middle band of the Bollinger Bands from early morning to the opening session, ranging between 81,200 and 81,650, then gradually faced downward pressure, dipping to around 80,675 for a bottom, accompanied by increased volume and stabilization before rebounding. Currently, the price has returned above 81,200, with the short-term Bollinger lower band providing effective support, and rebound momentum has been released. The intraday volatility range is between 80,675 and 82,828. The current price is near the middle band of the Bollinger Bands, and the bulls and bears are still in ongoing competition.


The four-hour Vegas channel's three lines are diverging upward, with the middle band (MB) at 80,844 and the upper band (UP) at 82,538. The current price is at 81,231, having re-entered above the middle band, which is a bullish recovery signal. The previous lows have gradually risen from 74,868 to 76,155, and yesterday's low was 80,675, indicating a clear bottom structure. As long as the four-hour candle body does not fall back below 80,800, the short-term bullish outlook remains valid. The first target above is the previous high of 82,828. If a volume breakout occurs, the channel's upper band will further widen, with the next target around 83,500. If it falls below 80,800, the bullish structure will be rebroken.
Bitcoin near 80,700, target 82,200 $BTC
Gao Tai near 23:30, target 23:60
$ETH
BTC-0.24%
ETH-1.63%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin