From a technical perspective, the current operation is between the middle and upper bands of the Bollinger Bands. The middle band provides robust support, forming a defensive line, but the upper band pressure continues to manifest.
The technical indicators have shown overbought warning signals—although the MACD red bars remain in the positive range, the volume has diminished after a continuous surge, and the market may face a technical pullback demand in the short term. Close attention should be paid to the effectiveness of the middle band support, and the subsequent orange cloth should continue to revolve around the lower band.
Bitcoin: Around 111700-112300
Looking up: 114000-115500
