From the four-hour level, the current Bitcoin is operating in the upper Bollinger Band region. Although there is short-term upward momentum and the possibility of further expansion, there is also significant pullback pressure accumulated. The upper band position will exert significant pressure on the price ratio. However, in the overall pattern, the bullish momentum for Bitcoin remains strong, as the price ratio not only steadily breaks through the constraints of the middle band but also successfully stands above the upper band area, which itself is a strong manifestation of bullish strength.
The key moving forward is to closely monitor whether the price can stabilize after breaking through the upper band, forming an effective stabilization trend, which will directly affect the subsequent trend direction. Combining this with operations during the early morning hours, laying out long positions is more prudent.
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From the four-hour level, the current Bitcoin is operating in the upper Bollinger Band region. Although there is short-term upward momentum and the possibility of further expansion, there is also significant pullback pressure accumulated. The upper band position will exert significant pressure on the price ratio. However, in the overall pattern, the bullish momentum for Bitcoin remains strong, as the price ratio not only steadily breaks through the constraints of the middle band but also successfully stands above the upper band area, which itself is a strong manifestation of bullish strength.
The key moving forward is to closely monitor whether the price can stabilize after breaking through the upper band, forming an effective stabilization trend, which will directly affect the subsequent trend direction. Combining this with operations during the early morning hours, laying out long positions is more prudent.
The pancake suggests to buy around 108200-109000, targeting near 112000. If it breaks upwards, look at #Gate 新上线 WLFI# #九月份加密市场能否突破# #今日你看涨还是看跌？# .