$BTC The daily chart level shows heavy resistance from the upper Bollinger middle band for Bitcoin, with the overall trend leaning towards weak oscillation, and bulls and bears repeatedly tugging back and forth. The Bollinger Bands continue to contract, market volatility keeps narrowing, and the short-term trend is mainly range-bound; patience is needed to wait for a breakout signal.


The short-term 4-hour level has completed a bottoming and recovery phase, with the price touching the lower Bollinger band with strong support. A series of bullish engulfing reversal candlesticks pushed the market back above 64k.
Due to consecutive market closures, liquidity is insufficient, and the rebound has been relatively slow. However, the short-term bullish structure remains solid, and with positive news factors supporting, the trading strategy is to stick to buying on dips during pullbacks. Avoid blindly entering after a rally.
Trading points:
BTC: Buy near 63,500, target 65,500
ETH: Buy near 1,700, target 1,780
BTC-0.45%
ETH-0.12%
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