$BTC Boss's Midday Analysis



This morning's opening showed a structure of recovery after a dip, with the lowest point quickly pulling back from 611 to hit 619 and then facing resistance; the overall trading center in the early session steadily moved upward, with the intraday low continuously rising. The current price is stabilizing in a narrow range around 616, with bullish momentum weakening.

On the hourly chart, the Bollinger Bands are tightening overall, and the band width continues to narrow, indicating a significant contraction in market volatility.

Keep a close eye on the key level of 619 as the watershed, and wait for the bands to expand before following the trend for swing trades.
BTC0.86%
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