Since entering December, BTC has consistently failed to remain below the middle band of the Bollinger Bands for long. Each time it seems to break below the middle band, it is actually a false breakout, followed by several bullish candles that push the price back above the middle band. This phenomenon fully demonstrates the strong buying demand in the market, although investors generally tend to avoid entering at high price levels. Looking back at the market trends during this period, one can sense a tendency to accumulate liquidity through a range-bound market.

Consolidation is often a precursor to the formation of a trend. In terms of the current situation, its duration seems insufficient, especially after experiencing several seemingly intimidating corrections, where the price has never fallen below the lower band of the Bollinger Bands.

From a personal subjective perspective, I hope BTC can maintain a continuous upward trend. However, the current market pressure is quite heavy, and the potential space for upward breakthroughs is also relatively limited. Therefore, the most logical market prediction is that the price will first move downward to clear out a group of weak-handed bulls, followed by an unobstructed surge of buying enthusiasm that will drive the price significantly higher.

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