Bitcoin band plan for next week

Judging from the trend of the daily level, it has retraced since it reached the 108,000 line. There is room for a retracement of 16,000 points. However, the retracement has never been able to effectively fall below the daily level lower track support. It is currently in the lower track range. The width of the shock adjustment, the stochastic indicator on the sub-chart is about to enter the oversold zone, even if it continues to retreat, the intensity will be relatively limited, and the market needs to rebound to repair the indicator.

At the four-hour level, the structure of the wedge adjustment is still valid. It is expected to adjust sideways near the lower track of the four-hour Bollinger Bands over the weekend. If it continues to fall, we will only see the bottom of the wedge structure near 92500, so let’s take a look next week. Rebound, see the 99500 line, rebound and break through 100000, continue to chase the bullish trend!

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