Bitcoin is still experiencing some shocks in the early morning, but it has entered a consolidation range around 8.8. The 4-hour MA5 and MA10 are both slowing down, and the Bollinger Bands are flattening. The downward channel is beginning to slow, showing signs of stabilization in the short term. The key question is whether the bulls can further test the resistance at 9K.
On the hourly chart, Bitcoin's momentum has clearly accelerated. The main concentration of trading volume is in the 8.5-8.8 range. Due to the weekend's lack of sufficient liquidity, it is advisable to view the market as oscillating sideways.
For Bitcoin at 8.85-8.9, watch the 8.75-8.7 level, with support at 8.95. For the 3000-3030 range, watch the 2950-2930 level, with support at 3050. #2025Gate年度账单
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Bitcoin is still experiencing some shocks in the early morning, but it has entered a consolidation range around 8.8. The 4-hour MA5 and MA10 are both slowing down, and the Bollinger Bands are flattening. The downward channel is beginning to slow, showing signs of stabilization in the short term. The key question is whether the bulls can further test the resistance at 9K.
On the hourly chart, Bitcoin's momentum has clearly accelerated. The main concentration of trading volume is in the 8.5-8.8 range. Due to the weekend's lack of sufficient liquidity, it is advisable to view the market as oscillating sideways.
For Bitcoin at 8.85-8.9, watch the 8.75-8.7 level, with support at 8.95.
For the 3000-3030 range, watch the 2950-2930 level, with support at 3050.
#2025Gate年度账单