Bitcoin, after a surge yesterday that broke through the upper Bollinger Band, failed to maintain a strong upward trend, and technical indicators showed signs of divergence. This suggests that short-term adjustments may be faced.

Considering that the market is usually more stable over the weekend, it is expected that Bitcoin will continue to fluctuate within a high range! Currently, it is in a sideways state, with no further signs of a downward trend yet. On the four-hour chart, the Bollinger Bands show a tightening pattern, indicating the possibility of further declines. The key resistance level of 96000 is particularly important in the dynamic of a rapid retreat after a brief surge.

Bitcoin is around 95000, looking down towards 93000.