$BTC
The current daily chart of Bitcoin has shown a continuous three-day candlestick formation of a single price line, but the overall price is still above the middle band.
The 4-hour trend has also contracted to a certain extent, and the Bollinger Bands have started to diverge in a parallel manner. Currently, it is in a low-level consolidation phase after a spike.
The 1-hour Bollinger Bands have shown signs of expanding outward. The fluctuations upward in the previous hours were completely engulfed by a bearish candle, and it has fallen below the triangular area mentioned in last night's analysis. However, it was merely a spike breakout followed by a pullback. If it stabilizes above 117350, there is a possibility of a rebound around 118150 within the triangular formation.
Trading suggestion: Buy Bitcoin around 115500-116000, add at 115300, target above 117300-118000
