At present, Bitcoin has once again gone out of the trend of 1-hour range fluctuations.
However, the 4-hour Bollinger Band has shrunk to around 1,600 points. Pay attention to the technical changes after the short-term Bollinger Band shrinks.
The overall market is still being sucked by #BTC走势分析 .
The trading volume is still low at present, and it is still in a stage of poor liquidity.
In terms of funds, USDT in Asia and Europe and USDC in the US basically show a state of large-scale outflow.
The activation of the crypto market on Monday still depends on the situation after the opening of the US stock market. After all, Bitcoin currently relies on the fundamentals of the macro economy like the US stock market after the ETF is passed.
At 21:00 tonight, Federal Reserve Governor Barr will give a speech. Barr's previous speech was similar to that of the hawks. Let's see whether tonight's speech will have a significant impact on the performance of the US stock market today.
The current market dynamics are poor, and I will wait for the data to come out later and then update it daily.
