$BTC
The current price is above the middle band of the Bollinger Bands and is relatively close to the upper band. In technical analysis, a price that consistently stays above the middle band is usually seen as a signal that bulls have a certain advantage. This indicates that the bullish force is relatively strong, pushing the price to maintain above the middle band in the current time frame.
From the hourly level, it can be observed that the Bollinger Bands have not shown significant contraction or expansion. Generally, when the Bollinger Bands are stable or slightly expanding and the price is above the middle band, if the price can effectively break through the upper band, there is a greater likelihood of opening further upward space, suggesting a continuation of the bullish trend. From the candlestick movement, although there are rises and falls, the overall trend shows a gradual upward movement. After a phase of low points, the price begins to rebound, and the subsequent candlestick low and high points are gradually rising, indicating that the bullish force is continuously trying to push the price upwards.
Bitcoin 109,000, directly look at 1,115,000
