9.5$BTC analysis
The weekend volatility was not large, so everyone can take advantage of the range and make a few small swings. It’s time to relax and rest a bit. We’ll wait for the volatility to get a little bigger before we do a live session to give everyone the current price.
A clear pullback appeared on the 4-hour timeframe, with a decline of -1.91% and a net capital outflow of 612 million, showing continued selling pressure. The price broke above the upper Bollinger Band and then pulled back to the support area near the mid-Bollinger Band at 78520. The upper Bollinger Band at 81687 has turned into strong short-term resistance, while 75353 below is an important defensive low. The bullish momentum in the market has clearly weakened.
After the earlier sharp rise, profits were concentrated and taken off the table, with some funds choosing to exit. Market views on the next move have become more divided. After the positive news was priced in, there has been a lack of new incremental funds entering continuously, weakening the broader market’s upward momentum and bringing a short-term corrective rebound.
Resistance: 80440, 81687 (strong resistance at the upper Bollinger Band)
Support: 78520 (mid Bollinger Band), 75353 (key support at the lower Bollinger Band)$ETH $SNDK
The weekend volatility was not large, so everyone can take advantage of the range and make a few small swings. It’s time to relax and rest a bit. We’ll wait for the volatility to get a little bigger before we do a live session to give everyone the current price.
A clear pullback appeared on the 4-hour timeframe, with a decline of -1.91% and a net capital outflow of 612 million, showing continued selling pressure. The price broke above the upper Bollinger Band and then pulled back to the support area near the mid-Bollinger Band at 78520. The upper Bollinger Band at 81687 has turned into strong short-term resistance, while 75353 below is an important defensive low. The bullish momentum in the market has clearly weakened.
After the earlier sharp rise, profits were concentrated and taken off the table, with some funds choosing to exit. Market views on the next move have become more divided. After the positive news was priced in, there has been a lack of new incremental funds entering continuously, weakening the broader market’s upward momentum and bringing a short-term corrective rebound.
Resistance: 80440, 81687 (strong resistance at the upper Bollinger Band)
Support: 78520 (mid Bollinger Band), 75353 (key support at the lower Bollinger Band)$ETH $SNDK
