$BTC Currently, the price briefly rebounded and broke through the middle track of the Bollinger Bands, but soon faced pressure and fell back, maintaining an overall oscillating pattern. The Bollinger Bands are in a contracted state, reflecting reduced market volatility, with neither bulls nor bears achieving an effective breakthrough. The coin price continues to oscillate within the range of 117000 - 119500.
After a series of gains in the short-term market, upward momentum gradually weakened, followed by a pullback, and the Bollinger Bands further narrowed, entering a tug-of-war between bulls and bears. Currently, there is significant selling pressure above and strong support below, with the price running space gradually compressed. In the short term, it is highly likely to continue narrow oscillation, making it difficult to have a strong one-sided trend, and we need to wait for directional breakout signals. In terms of operations, it remains focused on buying on dips, maintaining a bullish outlook.
