📉 Bitcoin (BTCUSDT) in compression and technical tension zone: bullish explosion or crash?
At this moment, the Binance futures market shows us a tense outlook with $BTC USDT trading at $107,359.9, practically with no significant movement (+0.13%) in the last 24 hours. However, this calm is deceptive.
🔎 What does the technical analysis of the image reveal?
Bitcoin has been oscillating in a narrow price range between $106,313 and $107,686.
The Bollinger Bands have compressed, which historically announces an explosion of volatility.
The RSI remains at 65, near the overbought zone, but without bullish confirmation.