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#BTC Sunday, the price first experienced narrow-range fluctuations, then in the evening broke upward initially, followed by continued weakness influenced by fundamentals in the early morning. After oscillating at a low level, it quickly recovered, currently fluctuating around the 823 level. So, weekend trends should pay attention to the fundamentals. Will the move back to the short-term high continue or face resistance and reverse...
From the overall trend structure, it has returned to a strong state. The two resistance levels are 825 and 828, and the daily Bollinger Bands show no signs of opening up and expanding. With effective resistance above, there is still a possibility of a pullback. However, the upper band of the larger timeframe Bollinger is still extending upward. If the daily closing Bollinger band opens up and expands, resistance above will be hard to hold, and a closing with an opening is more likely. So, it can first hover around the resistance briefly. After a pullback, it may go higher again.
Watch around 819 to 815, and near 836 to 839. #BTC重返8万