Morning Bitcoin Market Analysis

The price is currently oscillating near the middle band (79,433.2), with the upper band at 79,645.9 and the lower band at 79,220.5. Overall, it is within a converging range, with reduced volatility, awaiting a breakout direction. After falling from the high of 81,270.2 to the low of 78,713.8, a weak rebound occurred, but it has not yet broken through the key resistance level. In the short term, the bulls and bears are fiercely contesting. The funding rate is slightly positive, open interest remains stable, and market sentiment is cautious, with no clear signs of a one-sided drive.
Bullish Silk Road:
Entry: 79,450 – 79,500 range (support from the middle Bollinger band on pullback, and not breaking the recent low of 79,300)
Stop-loss: 79,850 – 79,950 range (corresponding to the previous rebound high area, also the extended resistance of the upper Bollinger band)
Stop-profit: 79,200 (break below the lower Bollinger band, confirming the rebound structure has failed)#币圈