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$BTC Monday morning: BTC analysis
For a period of time, it has been range-bound and accumulating energy. The Bollinger Bands have kept contracting, and once the battle between bulls and bears was over, the bulls immediately pushed hard—driving the price to break through the upper band and hit a new high.
Now the bands have opened upward. The middle band firmly holds the price; every pullback can be quickly recovered, which shows extremely strong support and follow-through.
Those who held out through the consolidation earlier have already started to enjoy the bonus. In the short term, the bullish trend has been fully opened. As long as the price does not fall below the middle Bollinger Band, the upward pace will not be interrupted.
Trading idea: Go long around 62800-63200. The targets are 64000-64500.