$BTC July 4th Market Analysis by Boss



Looking back at yesterday's opening at 1698, the market oscillated upward, with a gradual stepwise rise during the day. In the afternoon, bulls pushed the price up to 1753. Throughout the day, bullish momentum was continuously released without a deep pullback, indicating a relatively strong oscillating recovery trend.

Early this morning, bulls surged again, briefly hitting a high of 1776, followed by a slight pullback as profit-taking from bulls occurred. The current price is consolidating around 1755. The Bollinger Bands on the 4-hour chart are opening upward, with the price firmly above the middle band. The short-term bullish trend framework remains intact, the upward channel is open, and the medium-term target is around 1800-1850.
BTC0.64%
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