5.7 Double Bottom Analysis



From the market perspective, on the 4-hour timeframe the moving averages are intertwined, and the Bollinger Bands are narrowing. The price is oscillating in the 2300-2350 range. 2375-2400 is strong resistance; it has been tested multiple times, but has not broken through effectively. The pressure from trapped positions is obvious.

In terms of volume, the rebound continues on shrinking volume. This indicates a passive chase rather than active entry by the main force; the MACD is moving sideways near the 0-axis, and the “dou” momentum is relatively weak. In the short term, the focus should be on digesting the move through consolidation.

Trading suggestions:
2300-2320 “dou” to buy, target 2370, with support at 2270. #BTC回调
BTC-1.65%
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