Bitcoin market situation:
Bitcoin rebounded again in the decline, and now it has come to the key resistance position of the daily Bollinger Band midline. I have mentioned this position many times, which determines the short-term daily price trend and market sentiment.
Currently, this position is fine-tuned to around 63,200.
After the daily Bollinger Band midline breaks through, the Bitcoin price will face two strong resistance levels in the short term,
65,700, which is the daily EMA30, the 3-day Bollinger Band midline, and the weekly EMA7. The three indicators are concentrated near this position, which will bring greater resistance to the short-term price rebound.
Above is the monthly Bollinger Band resistance level of 67,200. If this position breaks through, the key resistance level will become a strong support level, and the price will start strong bullish sentiment again in the short term.
Although the current Bitcoin price is not far from the key resistance position above, it seems easier to break through, but the same thing is that every breakthrough, in addition to the price rebound, can only be effectively broken through with the support of market sentiment and data, and after the breakthrough, the market must rely on the continuation of sentiment and the support of data trading volume to maintain the price stabilization and consolidation.
Since the Bitcoin price has reached the key position of the daily line, let's take a look at whether the market data and funds support continued breakthroughs! ?
