Yesterday's market continued the familiar rhythm, with white plates oscillating upward into the night, then pulling back from around 89,300 in the early morning, with the lowest touch at 86,795 to halt the decline.
Currently, from the market perspective, the 4-hour timeframe shows small bullish oscillations moving upward, consolidating above the middle band of the Bollinger Bands around 88,300. The Bollinger Bands are slightly expanding, and volatility is smaller than the normal Saturday pattern earlier; the 1-hour Bollinger Bands are narrowing, with alternating small bullish and bearish signals, and volatility decreasing. The price is operating near the upper middle band, repeatedly testing resistance without success before correcting downward, which aligns with weekend market characteristics. The subsequent trend is likely to be narrow-range oscillation. It is recommended to focus on high sell and low buy within the range.
Bitcoin: rebound around 88,800-89,500 for resistance, with support at 87,300-86,300; Altcoin: rebound around 2,980-3,030 for resistance, with support at 2,900-2,830.
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Yesterday's market continued the familiar rhythm, with white plates oscillating upward into the night, then pulling back from around 89,300 in the early morning, with the lowest touch at 86,795 to halt the decline.
Currently, from the market perspective, the 4-hour timeframe shows small bullish oscillations moving upward, consolidating above the middle band of the Bollinger Bands around 88,300. The Bollinger Bands are slightly expanding, and volatility is smaller than the normal Saturday pattern earlier; the 1-hour Bollinger Bands are narrowing, with alternating small bullish and bearish signals, and volatility decreasing. The price is operating near the upper middle band, repeatedly testing resistance without success before correcting downward, which aligns with weekend market characteristics. The subsequent trend is likely to be narrow-range oscillation. It is recommended to focus on high sell and low buy within the range.
Bitcoin: rebound around 88,800-89,500 for resistance, with support at 87,300-86,300;
Altcoin: rebound around 2,980-3,030 for resistance, with support at 2,900-2,830.