$BTC High-level fluctuations! The technical aspect releases an important signal!
Bitcoin is oscillating around $102,900, unable to rise!
Although it is still moving upwards in the short term, it has clearly hit a ceiling, with insufficient momentum and a risk of a pullback. It is expected to consolidate or even slightly pull back.
From a technical perspective, the doji and flat bottom candlestick patterns indicate that bulls and bears are in conflict, and a key moment is approaching.
The long-term moving averages EMA144 and EMA169 are still trending upwards, indicating that the overall direction is still bullish, but the short-term support level of $101,888 must be maintained.
The upper Bollinger Band flattening indicates that there is no upward movement, but the middle band supports the price, and the lower band trending upwards suggests that volatility is decreasing. The short-term moving averages are converging, indicating low volatility recently, but the medium to long-term moving averages are still moving upwards, maintaining a bullish sentiment in the long-term market.
In summary, now is the time to wait for a pullback to get in, the support level of $101,888 is crucial, and the upward pressure to watch is whether $104,000 can be broken!
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