👀👀Update on BTC trends in the coming days.
BTC is really about to experience strong fluctuations. This fluctuation will be at least a few thousand in price.
Currently, on the 4-hour frame, the Bollinger Bands are gradually tightening, signaling a strong volatility of BTC.
Today is Monday, BTC has begun the candle of a new week. BTC has made a move to test the 92k area near the old peak but could not surpass the 93k area, indicating that BTC is likely to adjust soon.
On the 3-day frame, yesterday BTC closed with a long-legged doji candle, showing the market's hesitation and tug-of-war. This indicates that both buyers and sellers are competing with each other and neither side has gained control of the market. However, moving into the new week's candle, the sellers have shown more dominance than the buyers.
With the appearance of the long-legged doji candle on the 3-day frame, it signals strong volatility of BTC with a range of about 10k in price on the 3-day frame.
On the CME exchange, BTC has a very large gap at the 77k price range. Sooner or later, BTC will return to close this gap.
Today, the market's greed index is at 83, which is significantly lower than yesterday's 90, but the market is still at an extreme greed level. Therefore, a correction of the entire market is likely to happen soon.
Please pay attention, everyone. Prioritize protecting spot profits and limit long positions. Always set a stop-loss immediately after entering a trade!
P/s: This is just my personal opinion, please refer to it for additional insights!