From a technical structure perspective, the 4-hour Bollinger Bands have stabilized and flattened after four or five days of steady consolidation. Notably, last night the market formed two consecutive bullish K-lines, indicating that the current bullish momentum is still in the accumulation phase, with strong market energy. Moving to the hourly level, as the weekly chart has successfully closed, technical indicators have quietly formed a golden cross signal, suggesting a positive shift in the short-term trend. Based on this analysis, the market is expected to continue its upward trend within the day.
Bitcoin: Around 90800-90300, dip to 89800, then target 91800-93300#btc
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From a technical structure perspective, the 4-hour Bollinger Bands have stabilized and flattened after four or five days of steady consolidation. Notably, last night the market formed two consecutive bullish K-lines, indicating that the current bullish momentum is still in the accumulation phase, with strong market energy. Moving to the hourly level, as the weekly chart has successfully closed, technical indicators have quietly formed a golden cross signal, suggesting a positive shift in the short-term trend. Based on this analysis, the market is expected to continue its upward trend within the day.
Bitcoin: Around 90800-90300, dip to 89800, then target 91800-93300#btc