Four-Hour Wealth Warning! I analyzed this BTC chart three times overnight
Brothers! Let’s get straight to the four-hour chart to break down the key positions for BTC right now—currently, the price is stuck at $105,000, an old battleground for bulls and bears. The Bollinger Bands have narrowed to their smallest value in recent times, with the upper and lower bands stretched like a taut rubber band, which is not a good signal; it indicates that short-term funds are holding back for a big move!
Take a look at the three lines: The middle line at $103,500 has now become the lifeline; it bounced back strongly after hitting here yesterday, indicating that the bulls are still holding firm; the upper line at $106,200 is holding down firmly, every time it touches it falls back, a typical "false breakout to lure in the bulls" strategy; the lower line at $103,000 has not broken yet; if it does break here, then the gap at $102,000 will need to be filled.
The RSI for all three lines is lying flat in the 50-70 range, with bullish momentum failing to even reach 60; it’s a typical "falsely inflated" market—looks like it’s going to rise, but there’s actually no volume! The MACD is even more amusing, with a golden cross below the zero line for several days, and the red bars resembling toothpicks. Compared with the violent surge in May, this is on a completely different scale; to put it bluntly, it’s a signal to lure in the bulls saying "don’t leave, fellow villagers."
Right now, the most critical thing is to watch the volume! If there is no large bullish candle with increased volume breaking above $106,200 during this narrowing of the Bollinger Bands, it’s highly likely to look for support at the lower band. Remember, brothers, in this kind of volatile market, chasing after rises and selling after dips is the biggest taboo; keep your position controlled to within 30%, and if it breaks $103,000, cut losses immediately. It’s not too late to chase after a breakout above the upper band with increased volume. Remember: contracting volatility is the main force washing the plates; the real big market always hides behind volume breakouts!
Currently, the market is turbulent, walking alone is lonely; hit the follow button for daily spot potential layouts and bull market strategy layouts.
