JOSUÉ EHRLICH
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BTCUSDT Chart Analysis TODAY 23/02
1. Price Analysis with Bollinger Bands (Top Chart):
• General Trend:
The price is slightly lower as most candles are located near the lower Bollinger band, indicating bearish pressure.
• Bollinger Bands:
• The upper band is serving as a dynamic resistance level.
• The lower band shows that the price has been touching that area, indicating that there could be a bounce attempt.
• The contraction of the bands suggests that a high volatility movement could come.
• General Trend:
The price is slightly lower as most candles are located near the lower Bollinger band, indicating bearish pressure.
• Bollinger Bands:
• The upper band is serving as a dynamic resistance level.
• The lower band shows that the price has been touching that area, indicating that there could be a bounce attempt.
• The contraction of the bands suggests that a high volatility movement could come.
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