Intraday volatility started strong, and after breaking yesterday's high, it faced resistance at the nearby high of 108900, with the volatility stance securing 1260 points. Subsequently, a hammer candlestick pattern formed on the hourly chart, leading to a direct entry, and in the afternoon, testing the four-hour Bollinger Bands support without breaking it, maintaining a stance of 930 points. The intraday volatility has already settled, with two downward formations, indicating that there are changes in the trend; one should not remain static but adjust slightly.
Recently, the continuation of volatility has been relatively poor; even when breaking levels, the extensions are minimal. On Sunday, volatility initially broke upward but did not rise significantly, resembling a slow grind upward. High points are rising, and low points are also moving up, so the overall trend remains strong unless a pullback disrupts this structure; otherwise, the outlook is still upward. Besides, the smaller time frame moving averages remain weak, but the larger time frames still point to strength. Therefore, a pullback is still anticipated.
In the afternoon, volatility directly approached around 107400, looking unchanged at 110300. $BTC #BTC