First Review 🙋‍♂️

In the practice of trading in the cryptocurrency market, the Bollinger Bands are commonly used technical indicators to determine the price 'entry and exit timing.' By incorporating the concepts of average and standard deviation, one can identify price breakout points and reversal points in the market. Bollinger Bands can also be used to assess conditions of overbought and oversold in market prices.

1️⃣ Application of the Bollinger Bands indicator
1/ Support and resistance indications: The upper and middle bands of the Bollinger Bands exert pressure on the cryptocurrency price, while the middle and lower bands provide support. When the price breaks out above the upper band, a pullback may occur. Recently, the upper and middle bands of the Bollinger Bands exert pressure on the price, while the middle and lower bands provide support. When the price breaks out above the upper band, a pullback may occur, and when it falls below the lower band, a rebound may occur, indicating overbought and oversold conditions. In cryptocurrency trading, for example, when BTC experiences sharp price fluctuations and touches the upper band of the Bollinger Bands, it often faces pullback pressure due to profit-taking in a short period; conversely, when Bitcoin's price significantly drops near the lower band of the Bollinger Bands, some bottom-fishing funds may enter the market, pushing the price upward.