Yesterday, Bitcoin continued its afternoon rebound, with the price rising from a low of 110303 to a high of 112564. However, the bullish momentum weakened and pulled back, presenting an overall "first rise then fall" fluctuation, with a high-low amplitude exceeding 2000 points, intensifying the long-short divergence. From the four-hour cycle, the bullish volume in the rebound is nearing its end, and the continuation of the trend is significantly suppressed. The current price is fluctuating around the middle band of the Bollinger Bands, where the resistance intensity serves as a core reference for subsequent layouts, and attention must be paid to the results of the long-short game at this point. On an hourly level, although the market has touched the upper band of the Bollinger Bands and has shown multiple consecutive positive candles, the body of the positive candles is continuously narrowing, indicating insufficient market enthusiasm for chasing the price. The volume is decreasing simultaneously, indicating a substantial resistance signal to the trend. Currently, the bullish momentum of Bitcoin is diminishing, making the long-short game critical in the short term. Moving forward, attention should be focused on the resistance at the middle band of the Bollinger Bands, changes in volume, and the results of the game, to avoid blindly chasing the price, and to wait for a clear trend before making a layout.
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BullAndBearBattle
· 08-28 03:21
Sit tight and hold on, we are about to To da moon 🛫
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Yesterday, Bitcoin continued its afternoon rebound, with the price rising from a low of 110303 to a high of 112564. However, the bullish momentum weakened and pulled back, presenting an overall "first rise then fall" fluctuation, with a high-low amplitude exceeding 2000 points, intensifying the long-short divergence. From the four-hour cycle, the bullish volume in the rebound is nearing its end, and the continuation of the trend is significantly suppressed. The current price is fluctuating around the middle band of the Bollinger Bands, where the resistance intensity serves as a core reference for subsequent layouts, and attention must be paid to the results of the long-short game at this point. On an hourly level, although the market has touched the upper band of the Bollinger Bands and has shown multiple consecutive positive candles, the body of the positive candles is continuously narrowing, indicating insufficient market enthusiasm for chasing the price. The volume is decreasing simultaneously, indicating a substantial resistance signal to the trend. Currently, the bullish momentum of Bitcoin is diminishing, making the long-short game critical in the short term. Moving forward, attention should be focused on the resistance at the middle band of the Bollinger Bands, changes in volume, and the results of the game, to avoid blindly chasing the price, and to wait for a clear trend before making a layout.