$BTC
On June 13th, after the large pancake dipped to a low of 102600, it overall entered a stage of consolidation, with the current price fluctuating around 105500.
From the current hourly K-line chart, the Bollinger Bands have started to contract, and the K-line has attempted multiple times to break through the upper band but has failed each time, indicating significant resistance above. Although the MACD is in the bullish zone, the momentum bars are shortening, showing that the upward momentum is weakening. The KDJ indicator is also at a high level, indicating a need for a pullback.
Overall, this rebound lacks volume support and remains in a weak oscillation repair phase under a bearish trend. If it cannot break through the upper resistance with increased volume for an extended period, the market is likely to fall back again, so do not blindly chase higher prices.
