Bitcoin has experienced a deep pullback and is currently in a low-level oscillation and repair phase. The Bollinger Band midline is currently hovering near around 69,574, with the upper band (around 71,783) forming strong short-term resistance. The Bollinger Band opening has begun to narrow, indicating that volatility is decreasing and the market is accumulating energy, awaiting a turning point. KDJ has formed a golden cross signal with values near the 50 midline, showing signs of strengthening short-term momentum with a need for continued rebound and repair. Although the MACD green histogram has shortened, indicating weakening downside momentum, the bearish arrangement pattern remains unchanged, and the rebound strength still needs observation.
Today's overall suggestion remains primarily buying on pullbacks. Looking up from 70,100-69,500 levels to 71,300-71,800. If 72,000 is broken, continue looking to 72,700-73,200.
Bitcoin has experienced a deep pullback and is currently in a low-level oscillation and repair phase. The Bollinger Band midline is currently hovering near around 69,574, with the upper band (around 71,783) forming strong short-term resistance. The Bollinger Band opening has begun to narrow, indicating that volatility is decreasing and the market is accumulating energy, awaiting a turning point. KDJ has formed a golden cross signal with values near the 50 midline, showing signs of strengthening short-term momentum with a need for continued rebound and repair. Although the MACD green histogram has shortened, indicating weakening downside momentum, the bearish arrangement pattern remains unchanged, and the rebound strength still needs observation.
Today's overall suggestion remains primarily buying on pullbacks.
Looking up from 70,100-69,500 levels to 71,300-71,800. If 72,000 is broken, continue looking to 72,700-73,200.