Analysis of Bitcoin trends on the evening of September 24


From the current market perspective, the 4-hour chart shows that after Bitcoin dipped to the 110935 line and stopped falling, it rebounded with two consecutive bullish candles, reaching around the 113100 line where it encountered resistance, which is very similar to yesterday's action. It attempted to break through this level but failed, entering a pullback phase, indicating that there is still strong pressure above. Currently, the Bitcoin price tested the upper band of the Bollinger Bands and quickly fell back, now fluctuating around the middle band at the 112950 line. The upper and lower bands are converging, and in the short term, it is in a consolidation phase. The trading volume and short-term average volume are stable, showing no significant signals of expansion or contraction, further confirming the oscillating pattern. For evening operations, if the price continues to fluctuate within a narrow range around the middle band of the Bollinger Bands, it is suggested to maintain the afternoon strategy of selling high and buying low, while being cautious of false breakouts during the consolidation phase.
Evening Bitcoin 1132 00-11 near 2900 can be watched, pay attention to 111000
BTC0.59%
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