Evening Bitcoin Thought Sharing
In the afternoon, the market has been oscillating within a range, providing some rebounds but failing to break through the key resistance level we mentioned earlier. The range-bound movement indicates that the buying and selling forces are balanced and stuck in a stalemate, suggesting that both sides have equal opportunities. In the afternoon, we followed this thought process, focusing on buying, with short-term trades yielding some gains.
From the perspective of the previous market, the 4-hour timeframe shows that the Bollinger Bands are continuing to move downward, indicating that the short-term trend is still bearish. Currently, the market is operating above the lower Bollinger Band, and multiple rebounds in the afternoon still cannot shake the upper resistance level, clearly indicating that buying momentum is still insufficient. The 1-hour timeframe shows that the Bollinger Bands are continuing to develop horizontally, with alternating bullish and bearish candles, suggesting that both buying and selling have opportunities. Here, I still suggest focusing on buying below 114000, and if it breaks above 114000 and stabilizes, we can follow the buying trend.
