Judging from Bitcoin’s order-book technical patterns and phenomena, the BTC 4-hour Bollinger Bands for the big coin (大饼) show the bands widening upward. In the short term, the moving averages below the 10-day line are sticking together, and the downward momentum has somewhat slowed. At the same time, market rebound sentiment has improved. However, the upward force pushing the market higher is insufficient, and the increase in trading volume is not enough, so upside potential is limited.
Currently, the overall market remains in a range-bound consolidation, with no sign of concentrated inflow of bullish capital. If, in the future, the rebound tests the 64,500–65,000 range but the volume cannot keep up and the price cannot hold above the breakout level, then the technical outlook is likely to see another round of pullback and adjustment.
Personal opinion only, for reference purposes only, and not investment advice.
Currently, the overall market remains in a range-bound consolidation, with no sign of concentrated inflow of bullish capital. If, in the future, the rebound tests the 64,500–65,000 range but the volume cannot keep up and the price cannot hold above the breakout level, then the technical outlook is likely to see another round of pullback and adjustment.
Personal opinion only, for reference purposes only, and not investment advice.
