#我在Gate广场过新年 Market Summary for Today -- Volatile and Slightly Weak, Market Direction Unclear, Watch More and Act Less
Another day of choppy trading. Bitcoin today fluctuated between 66,500 and 68,500 with a slight downward bias. In the evening, it retraced and closed around $67,000. From the 4-hour chart, the price is clearly constrained by the short-term moving average and the middle band of the Bollinger Bands. The Bollinger Bands are beginning to tighten, indicating a potential trend reversal; from the daily chart, the market is also under the influence of the short-term moving average. O