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$BTC Tuesday morning Bitcoin analysis
The one-hour Bollinger Band chart is clear at a glance. The price surged to a high of 64691 but couldn't hold, failing to stabilize at the upper Bollinger Band.
The previous rapid surge was just a rebound after a big drop, not a trend reversal. After the peak, consecutive bearish candles appeared, with selling pressure constantly pouring in from above. Currently, the price has fallen below the middle Bollinger Band, and there is strong resistance above.
Trading idea: short near 64450, target 62000.