5.9 Bitcoin Analysis


The hourly Bollinger Bands indicate a bottoming out and turning upward, with the market shifting from a decline to a sideways rebound, and support levels are solid.

Resistance levels: 80,400-80,800, encountering resistance when rallying → Short-term bearish, target 80,000-79,700

Support levels: 79,900-79,500, bouncing back and stabilizing → Long positions, target 80,400-80,700

Over the weekend, overall market trading activity was relatively low, and price fluctuations are likely to remain within a narrow range. In terms of operations, prioritize buying low and selling high within the upper and lower bands of the Bollinger Bands, strictly control position sizes, avoid chasing rallies or panic selling, and patiently wait for a clear and effective breakout before following the trend. $BTC $ETH
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