Is Bitcoin rebounding now? Or will it continue to rise?
Many people believe that Bitcoin is currently in the stage of rebounding, and it will fall when it touches resistance.
In fact, from a technical point of view, it is true that the 4-hour market did not touch the effective resistance point and then weakened and fell back, and the key Bollinger band midline 66,500 of the daily line did not touch the test resistance, so the market is indeed weak.
However, this is the weekend stage, and it is normal for the market to be weak. Whether it is a rebound or a continued rise, under the premise that the data is not obvious, do not draw a conclusion first, and wait for the data on Monday.
At the same time, the 1-hour Bollinger band is tightening, and the current amplitude is less than 700 points. There will be a 1-hour level market breakthrough tonight or in the early morning. Let's see whether it can test the resistance level or the support level.
