The current 4-hour period market data shows a high-level consolidation pattern, with Candlestick alternating between bullish and bearish, and a clear directional trend has yet to be established. The price remains above the middle band of the Bollinger Bands, and the KDJ indicator continues to rise after forming a golden cross pattern, suggesting that bullish momentum is quietly accumulating.
Switching to the 1-hour cycle analysis, the price briefly broke through the upper Bollinger Band, but the long upper shadow reveals that selling pressure above remains. The Bollinger Bands are gradually widening, and the momentum is continuously accumulating; however, the upward space still needs to be expanded, so it is advisable to primarily focus on pullbacks for momentum.
Bitcoin: Fluctuating around 88800-88300, buy at 87800, targeting 89800-91800 $BTC
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The current 4-hour period market data shows a high-level consolidation pattern, with Candlestick alternating between bullish and bearish, and a clear directional trend has yet to be established. The price remains above the middle band of the Bollinger Bands, and the KDJ indicator continues to rise after forming a golden cross pattern, suggesting that bullish momentum is quietly accumulating.
Switching to the 1-hour cycle analysis, the price briefly broke through the upper Bollinger Band, but the long upper shadow reveals that selling pressure above remains. The Bollinger Bands are gradually widening, and the momentum is continuously accumulating; however, the upward space still needs to be expanded, so it is advisable to primarily focus on pullbacks for momentum.
Bitcoin: Fluctuating around 88800-88300, buy at 87800, targeting 89800-91800 $BTC