In the one-hour chart, the price continues to stay above the middle band of the Bollinger Bands, maintaining a pattern of oscillating upward. However, the recent several candlesticks have noticeably long upper shadows, indicating increased resistance at higher levels, and the short-term technical pattern is becoming more indecisive. Moving forward, it is important to pay close attention to news developments and be alert to potential catalysts that could trigger a breakout. The early trading strategy can still focus on buying the dip after a pullback.
Bitcoin: Around 88,000-87,500, with a dip to 87,000 if needed, aiming for a target of 89,000-90,200
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In the one-hour chart, the price continues to stay above the middle band of the Bollinger Bands, maintaining a pattern of oscillating upward. However, the recent several candlesticks have noticeably long upper shadows, indicating increased resistance at higher levels, and the short-term technical pattern is becoming more indecisive. Moving forward, it is important to pay close attention to news developments and be alert to potential catalysts that could trigger a breakout. The early trading strategy can still focus on buying the dip after a pullback.
Bitcoin: Around 88,000-87,500, with a dip to 87,000 if needed, aiming for a target of 89,000-90,200