1.14 Bitcoin Market Analysis
Affected by the evening data, Bitcoin surged continuously, breaking through multiple resistance levels.
Looking at the 1-hour K-line chart, Bitcoin rapidly rose to a peak of 96,863.7 before showing a clear correction, with the current price回落 to around 95,194.4. Technically, the short-term upward momentum has weakened slightly, but the overall trend remains within a bullish alignment.
In terms of indicators, the Bollinger Bands show that after price broke above the upper band, it has now pulled back, indicating a short-term need for overbought correction. The middle band of the Bollinger Bands is at 93,162.4, serving as the first support level; if further decline occurs, the 92,000–92,200 range represents a key psychological support level for short-term holders.
Trading suggestion:
During the white period, first watch for a pullback to 94,500–94,000–93,200, and if it continues downward, keep an eye on 93,000 and then 92,000 support!
If not broken, a rebound to around 95,600–96,200 is possible! Also, I'm working on project
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