$BTC Bitcoin hourly chart analysis

The overall trend continues to tighten, with the upper band gradually turning downward from an upward bend earlier, the middle band slightly moving down in sync, and the lower band maintaining an upward trend. The distance between the upper and lower bands is narrowing, indicating a contraction in the short-term volatility range. Market bullish and bearish opinions are intensifying, and a short-term direction will soon be chosen.
Intraday, the price surged to 66,956, touching the upper Bollinger band. After encountering resistance from the bulls, it continued to decline. The current price of 66,125 has effectively broken below the 66,316 middle Bollinger band. During the previous upward phase, the middle band served as strong support; once broken, the roles reversed, and 66,316 became the key resistance zone for subsequent rebounds.
Currently, the price still has some space below the lower Bollinger band at 65,775. The lower band continues to rise, forming a bottom support. Even if short-term bears are dominant, the downward space will be limited by the lower band, and a large unilateral drop is unlikely. The intraday low was 65,607, with solid support at the previous low point, and no signs of a breakdown with increased volume. We will maintain our original low-buying strategy.