📊 $BTC Market Recap & Analysis
Yesterday, the market surged strongly, first breaking through 118,400, then shooting up 7,100 points. After this rally, it entered a correction phase. Although BTC broke the high again, it was just a brief spike – a classic move during corrections, as discussed in the morning analysis.
🔎 Key Observations:
Post-spike, BTC began slow oscillation downwards, reaching near the target 🎯 at night, gaining 1,800 points.
Morning focus was on correction, which played out perfectly.
Large and small Bollinger Bands diverged after the surge. Remember:
🔹 Divergence → upper band hit → upper band support turns resistance → retracement follows.
📌 Insights:
Many underestimate Bollinger Bands, but few truly understand them despite daily discussion.
Weekly chart correction insights are never casual:
Strong volume surge = lower probability of another immediate surge, higher probability of correction.
Even if highs break during corrections, it’s usually a brief spike.
Weekend effect: After strong volume weeks, weekends often bring corrections, exchanging time for space as the market waits for targets to align with trend structure.
🎯 Conclusion:
This retracement doesn’t need over-analysis. Focus on the range and let the market’s natural rhythm guide you.
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