After the price of Bitcoin surged to around 110,600, there were obvious signs of a pullback. The current price is oscillating around the 109,600 line, showing a high-level consolidation trend, with momentum gradually weakening.

The Bollinger Bands are starting to narrow, with the middle band slightly flattening, indicating that the market has entered a consolidation phase, intensifying the battle between bulls and bears. The area around 110,300 is a strong resistance zone in the short term, and the price has tested it multiple times without effectively breaking through, indicating a lack of upward momentum. The adjustment following this surge has not yet ended, and a short-term bearish outlook is more prudent $BTC $AXL #看懂K线 #加密市场反弹