Overnight Bitcoin fluctuated within a narrow range, briefly breaking 115,000 but showing weak continuation, with clear resistance.
On the four-hour level, bullish momentum has pushed up to the upper Bollinger Band under pressure; on the hourly chart, bearish volume has increased, currently showing two consecutive long upper shadows. The upper pressure is at 116,000; an effective breakthrough and stabilization would turn bullish, otherwise, it remains a high position for bearish layouts.
Bitcoin: Range around 115,200-115,500, target 113,000-113,500. $BTC $ETH
On the four-hour level, bullish momentum has pushed up to the upper Bollinger Band under pressure; on the hourly chart, bearish volume has increased, currently showing two consecutive long upper shadows. The upper pressure is at 116,000; an effective breakthrough and stabilization would turn bullish, otherwise, it remains a high position for bearish layouts.
Bitcoin: Range around 115,200-115,500, target 113,000-113,500. $BTC $ETH
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BTC
113,676.8
-0.97%
ETH
3,594.19
-2.30%