From the one-hour candlestick chart of Bitcoin, the BTC price has broken through the upper Bollinger Band and is now experiencing a pullback, having already fallen below the middle Bollinger Band. The trading volume shows a trend of increasing decline, and the MACD fast and slow lines have formed a death cross, while the KDJ three lines are also about to form a death cross, further indicating bearish signals in the short term.
Nevertheless, this pullback is still part of a normal process of rising and falling. Therefore, the current operational approach remains focused on buying on dips within the support range. Follow my analysis and technical sharing to help you seize profitable opportunities in the bull market.
