BTC Weekend Volatility Looking at the 15-Minute Chart

🔎 Technical Analysis

1. Short-Term Trend

From the chart, BTC found support around 117100, followed by a quick rebound, with the current price near the middle band of the Bollinger Bands (117339).

The MACD histogram has turned positive, and the fast and slow lines have formed a golden cross, indicating that short-term bullish momentum is strengthening.

The lower band of the Bollinger Bands (117178) provides effective support for the price, while the upper band (117500) is the current short-term resistance level.

2. Trading and Capital Flow

The capital flow remains a net outflow (-121 million), indicating that large funds are still cautious, and the rebound may be more of a technical correction.

Trading volume has decreased compared to the previous drop, showing a weakening of bearish momentum.

3. News Impact

There are no significant positive news for the overall market, and BTC is still in a range-bound fluctuation, with the short-term being viewed more as a corrective rebound rather than a trend reversal.

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📈 Key Levels

Upper Resistance Levels

First Resistance: 117500 (Bollinger Upper Band + Short-Term Resistance)

Second Resistance: 117850–118000 (Previous High Cluster)

Lower Support Levels

First Support: 117100 (Previous Low + Bollinger Lower Band)

Second Support: 116800 (If breached, further downside may occur)

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🎯 Strategy Recommendations

Short-Term Thoughts:

If the price stabilizes after a pullback in the 117100–117200 range, consider taking a long position, targeting 117800–118000, and if broken, then look for 118300.

Stop Loss Level:

If it falls below 116800, then exit to avoid the risk of a deeper drop.

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📌 Summary in One Sentence:

In the short term, BTC is expected to maintain a strong range-bound fluctuation between 117100 and 117800, and only a breakthrough above 118000 could open up further rebound space.