After reaching historical highs multiple times, the price of BTC has recently taken a roller coaster ride of sharp increases and decreases. This rare historical market trend for BTC raises the question: can ordinary people still participate amid such volatile waves? Since mid-May, the continuously rising BTC price has seen a significant drop, with the largest decline within a week approaching 5%. However, in recent days, safe-haven assets led by BTC have significantly corrected, while risk assets represented by stocks have begun to rebound.

The daily chart closed with a strong bullish candle, recovering from previous declines and stabilizing above the middle line of the Bollinger Bands. After breaking through the middle line, it has turned into support, overlapping near the early morning low. The relative strength index is at 53, indicating a current bullish trend.

  The MACD histogram value is a negative 24, with bearish momentum gradually shortening. The DIFF value is 14, and the DEA value is 27, with the distance between the fast and slow lines narrowing, indicating that bullish market forces are gathering.

  From the H4 perspective, the BTC price has broken through the resistance of the medium-term moving average and the long-term 100-day moving average. The longer the moving averages lag, the more severe the delay. It is expected that before the moving averages align in the trend, there will not be a strong unilateral movement, and it needs to continue to move sideways, with the moving averages either cooperating or showing significant upward movement.

  It is important to note that the Bollinger Bands are opening upwards, and the middle line is running upwards, indicating that the current trend direction is upward. After the price deviates from the upper line, it is expected to correct before rising again!

Buy between 106600-106200, look for 10800-107500.