#BTC☀ The trend is getting more interesting. It breaks upward without touching the resistance level and then retreats. The lower track of the Bollinger Band is gradually compressed!
This breakthrough in the early morning has a significant decline within a millimeter of the daily resistance. I personally expect that the BTC price will still break upward before it can fall back.
This week's personal market expectation is a volatile decline. The current price rebound is obviously not in place and has not touched the key point of 60,200 in the middle of today's daily line. So according to my expectations, the price will touch 60,000 again in the early morning of the weekend or next Monday, and then it will fall again.
Of course, if the price breaks through and stands above the middle line, my expected volatile decline will deviate from the expectation. However, at present, the bulls are in poor mood and the breakthrough power is insufficient.
What is more interesting is that the running space of the daily line is gradually shrinking. As the daily line moves up and down, the middle line moves down, and the current range is 53,500-60,200. The oscillation range is obviously limited and shrinking. Although according to my oscillation and decline expectations, the next 1-2 weeks will still be subject to oscillation, but there should be a breakthrough in the daily line range afterwards. As for the direction of the breakthrough, it still depends on the actual market sentiment at that time.
According to the oscillation of the daily line track in the previous period, the daily line track was maintained from June 11 to around July 12. At that time, the amplitude of the daily line track was about 4,000 points, but because of the stimulation of the Trump incident, the market broke through the key point of the middle line and reversed the trend in the short term. The current amplitude of the daily line track is 7,700 points.
The market is calm on the weekend, and you can pay attention to the early morning of the weekend. I am a little looking forward to another attempt to break through the situation around 60,000.
