A wave of strong bearish movement directly smashed to the lower Bollinger band, and after the price hit the bottom, it strongly stopped the decline and immediately began to consolidate at the low levels.
The Bollinger bands continue to expand, market volatility soars, but the medium to long-term upward trend has not changed at all! This is the key stage for bulls to exchange time for space, building a solid bottom. Every pullback is a golden opportunity for low buying, and it is also a clear indication to go long!
Recommendation for Bitcoin: decisively enter long positions when pulling back to around 84000-85000, targeting the 86500-87500 range $BTC
BTCUSDT
Perp
88,400
+0.44%