Bitcoin rose from 94,300 points on the 16th in a small wave( volume has not increased compared to the same period) range oscillation for more than twenty hours. The last analysis indicated that the small support at 94,300 points could not hold, which is highly probable. A surge to 95,600 points faces significant resistance, as the previous low in this range is just below this level. Encountering 95,600 points already shows a divergence between volume and price; at this level, the volume is not truly high, and the upward momentum is clearly stagnating. On the hourly chart, the price hit the upper Bollinger band, then the middle band, forming a significant step up. The divergence between volume and price indicates weak bullishness. The 15-minute volume exceeded 150, suggesting the bulls are weak. The 5-minute volume has not exceeded 100, indicating no active bullish main force pushing upward. If the volume drops to 92,430, it remains stable. Overall, the second half of today shows a downward pattern. The best scenario is a move to 93,400; if it reaches this level, it will still be downward consolidation (unless there is a volume breakout above 95,600, which could lead to another wave toward the next resistance at 96,900). Overall, the second half of today is downward. If it does not break through 95,900, it will continue to decline, moving with volume and price analysis.

BTC1,12%
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LinghuChongAh206507vip
· 01-18 05:20
If conditions improve next, there will be a slight upward fluctuation before moving down again. Today and tomorrow, it must head to the next stage!! For reference only, not investment advice.
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GateUser-a426e564vip
· 01-18 05:17
😇 Can you analyze Useless?
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