Yesterday, Bitcoin surged high and then corrected, dropping to around 90,000 in the evening before stabilizing and rebounding. It then moved up to test the previous high at 92,500. Our position at 90,100 yesterday was also executed as planned!!
From the current market situation, the Bitcoin 4-hour Bollinger Bands are showing a tightening trend, with the price moving between the middle and upper bands. The previous middle band resistance has now turned into short-term support. Although there has been a slight short-term pullback, the momentum is not strong enough to indicate a reversal, meaning the pullback is just a consolidation phase. The overall bullish outlook remains unchanged!
Bitcoin retraced to around 90,900-90,100, with an upward target of 92,300-93,800. The altcoin retraced to around 3,080-3,030, with an upward target of 3,150-3,230.
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Yesterday, Bitcoin surged high and then corrected, dropping to around 90,000 in the evening before stabilizing and rebounding. It then moved up to test the previous high at 92,500. Our position at 90,100 yesterday was also executed as planned!!
From the current market situation, the Bitcoin 4-hour Bollinger Bands are showing a tightening trend, with the price moving between the middle and upper bands. The previous middle band resistance has now turned into short-term support. Although there has been a slight short-term pullback, the momentum is not strong enough to indicate a reversal, meaning the pullback is just a consolidation phase. The overall bullish outlook remains unchanged!
Bitcoin retraced to around 90,900-90,100, with an upward target of 92,300-93,800.
The altcoin retraced to around 3,080-3,030, with an upward target of 3,150-3,230.