September 28 $BTC Morning Analysis
In the early morning, the scenario we discussed also produced a gain of several hundred points within a short time. Bollinger Bands: On the 4-hour chart, price is moving tightly along the middle band. The upper band is around 84,857, and the lower band is around 83,559. The channel has continued to narrow, indicating that a breakout/turnaround is likely imminent in the short term. Price is currently near the middle band, which is a critical zone where bulls and bears are in balance.
Open interest and capital flow: Compared with the previous peak, there has been a pullback, suggesting that some leveraged funds have exited. Capital is in a net outflow state, so there isn’t much desire to chase longs in the near term.
Currently, BTC is in a high-level consolidation phase in the middle of a bull-market continuation. The Bollinger Bands tightening coupled with MACD momentum stalling both point to a reversal/breakout being close.
The short-term direction depends on whether price can break out with volume above the resistance band of 84,857–85,164. If price can hold effectively, the upside to watch is 86,300–87,400. If it breaks below the support at 83,559, it may pull back toward the liquidation-bottom support area at 82,800–83,000 to seek support.
One honest personal suggestion: around 84,850–85,300, target around 83,600–82,800. Otherwise, if it cannot break through and fails to hold, watch for #中美达成300亿美元关税削减共识 $ETH
In the early morning, the scenario we discussed also produced a gain of several hundred points within a short time. Bollinger Bands: On the 4-hour chart, price is moving tightly along the middle band. The upper band is around 84,857, and the lower band is around 83,559. The channel has continued to narrow, indicating that a breakout/turnaround is likely imminent in the short term. Price is currently near the middle band, which is a critical zone where bulls and bears are in balance.
Open interest and capital flow: Compared with the previous peak, there has been a pullback, suggesting that some leveraged funds have exited. Capital is in a net outflow state, so there isn’t much desire to chase longs in the near term.
Currently, BTC is in a high-level consolidation phase in the middle of a bull-market continuation. The Bollinger Bands tightening coupled with MACD momentum stalling both point to a reversal/breakout being close.
The short-term direction depends on whether price can break out with volume above the resistance band of 84,857–85,164. If price can hold effectively, the upside to watch is 86,300–87,400. If it breaks below the support at 83,559, it may pull back toward the liquidation-bottom support area at 82,800–83,000 to seek support.
One honest personal suggestion: around 84,850–85,300, target around 83,600–82,800. Otherwise, if it cannot break through and fails to hold, watch for #中美达成300亿美元关税削减共识 $ETH
