So speechless! The Bitcoin market rhythm has obviously slowed down. From recent trends, its price volatility range is gradually narrowing, and the intraday fluctuations are indeed limited. In this sideways market, both bulls and bears have temporarily reached a relatively balanced state, but it also indicates that there may be a larger directional choice in the future. Personally, I feel there is a high probability of a downward explosion!

From a technical structure perspective, the Bollinger Bands are gradually narrowing, which usually signifies a decrease in market volatility. Moreover, in the short term, Bitcoin's price is obviously under pressure, with certain resistance levels above. In the current market environment, it seems difficult for the bulls to gather enough momentum to break upward, making it quite challenging for the price to effectively surpass the resistance levels. In terms of the hourly cycle, the price has reached a peak, the bulls are being suppressed, and the pressure is clear, with a wait for the bears to increase their volume during the day.

For the daily price, short around 97000-97500, looking at 95000.

For the altcoin, short around 2725-2730, looking at 2600$BTC $ETH $XRP #参与投票-PI该上线币安吗？ #币安HODLer空投KAITO #SOL走势分析 .