#数字资产市场洞察 Bitcoin is currently consolidating around $86,900, with a quick rebound within 24 hours from a low point, which is a reversal of the previous continuous decline. The $85,000 level has held steady, and the bearish momentum has basically been exhausted.
The four-hour K-line performance is also quite good. After bouncing off the lower Bollinger Band, the price has shown a strong upward movement, and the support from the lower band is quite evident. Recently, the downward speed of the Bollinger Bands has slowed, and the band width is narrowing, indicating an increasing likelihood of an upward breakout after a period of consolidation.
From the K-line pattern, it is a standard bottoming and rebounding pattern, with the closing price staying above the consolidation platform, indicating that the bulls are currently in the lead in the short term. If we can precisely catch this wave of market movement, there is still room for profit.
Operational strategy: It is more reasonable to look for long opportunities within the $86,200-$85,000 range, with targets around $88,000-$90,000. If the price breaks through this zone, continue holding the position upward. But if it gets stuck at a key resistance level, then reverse the position and avoid forcing it.
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#数字资产市场洞察 Bitcoin is currently consolidating around $86,900, with a quick rebound within 24 hours from a low point, which is a reversal of the previous continuous decline. The $85,000 level has held steady, and the bearish momentum has basically been exhausted.
The four-hour K-line performance is also quite good. After bouncing off the lower Bollinger Band, the price has shown a strong upward movement, and the support from the lower band is quite evident. Recently, the downward speed of the Bollinger Bands has slowed, and the band width is narrowing, indicating an increasing likelihood of an upward breakout after a period of consolidation.
From the K-line pattern, it is a standard bottoming and rebounding pattern, with the closing price staying above the consolidation platform, indicating that the bulls are currently in the lead in the short term. If we can precisely catch this wave of market movement, there is still room for profit.
Operational strategy: It is more reasonable to look for long opportunities within the $86,200-$85,000 range, with targets around $88,000-$90,000. If the price breaks through this zone, continue holding the position upward. But if it gets stuck at a key resistance level, then reverse the position and avoid forcing it.