Hello everyone! Welcome to today’s morning review, this is Web3 Beast!
1. Technical Analysis
According to the latest Bitcoin price chart, the current price of BTC is $57,860.1. The technical indicators and price trends in the chart provide us with important analysis basis. The following is a detailed analysis of the main technical indicators in the chart:
Bollinger Bands:
The current Bollinger Bands are narrowing, and the price is fluctuating near the middle track, indicating that the market has entered a shock consolidation phase. The upper and lower tracks are $68,389.7 and $55,599.5 respectively.
Moving Average (MA):