The current price of Bitcoin is running below the middle line of the Bollinger Bands, with a short-term focus shifting downward. Structurally, the upper level of 95,500 constitutes strong resistance. If the subsequent rebound cannot stabilize above the middle line of 94,500, the market will face a continued weakening situation.
Currently, the Bollinger Bands are maintaining a horizontal running state. The distance between the upper and lower bands continues to narrow, indicating that market volatility is in a consolidation phase. Attention should be paid to whether an effective breakthrough can occur at the upper resistance level. The overall structure still leans toward oscillation, and the Bollinger Bands are gradually closing, with both bulls and bears in a stalemate, facing a directional choice in the short term.
Operation Suggestion
Short around 95,000, targeting 93,000
