$BTC
$BTC After the weekend's volatile consolidation, the trends of Big Coin and Aunt remain highly correlated. Big Coin opened a slow decline channel in the early morning, quickly rebounding after dipping to around 104399, currently fluctuating in a narrow range near 105500; Aunt encountered resistance and fell back after pushing up to around 2559, showing a synchronized adjustment pattern.
From the market perspective, the four-hour level is still in a low-level consolidation state, with neither upward nor downward price forming effective breakthroughs, maintaining an overall oscillating pattern. The Bollinger Bands continue to narrow, with the distance between the upper and lower bands gradually decreasing, indicating that the market is on the eve of a directional choice. Currently, the K-line has repeatedly shown long shadows, reflecting that the market is experiencing fierce tug-of-war between bulls and bears, but the price remains under pressure below the middle line of the Bollinger Bands, indicating that the weak pattern has not changed. At the same time, the moving average system shows a bearish arrangement, with clear trend suppression. In the short term, as long as Bitcoin cannot effectively stabilize above 106300, the bearish trend will continue to dominate, with limited rebound space, and caution is needed for the risk of another dip.
