Bitcoin


This round of rally reached a high of 67,255 touching the upper Bollinger Band, which is a standard overbought top signal, with profit-taking concentrated and a retreat to high-level consolidation.
The current price is below the middle band, with the middle band at 65,849 as the short-term first resistance, and the lower band at 65,413 as the first strong support. The channel is slightly narrowing, the rally has ended, shifting from a one-sided upward trend to a high-level oscillation and shakeout phase.
The larger cycle (daily/4-hour) still shows a bullish upward channel, with the 1-hour only experiencing a short-term correction, not a trend reversal, but a technical retracement after the rise.
After the rally, the candlesticks continue to close lower without entering oversold territory, so a rapid sharp decline is unlikely, mainly oscillating within a range.

Rebound between 65,800-66,500

Pullback between 65,000-64,500

Holding above 66,300 upper band: the consolidation ends, the bullish trend restarts, and long positions can be chased with a focus on the previous high of 67,250 and aiming for 68,000;

Tonight early morning, there will be a Federal Reserve interest rate decision meeting, which is the biggest news event of the day, and the oscillation range may be amplified. #比特币 #BTC $BTC
BTC-2.94%
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