Bitcoin's trend change is imminent, bullish needs volume!
Current situation: The Bollinger Bands on the hourly chart are narrowing, OBV is flat, and the market is balanced with reduced volume. MACD has a golden cross below zero, which is the only bullish signal in the short term.
Judgment: Leaning towards an upward test of the upper boundary at $89,900. However, the key to success lies in the trading volume. Liquidity is weak on Saturday, making it easy to have false breakouts without volume.
Key operations:
Wait and see: Let the market choose its direction by itself. $BTC
True breakout for going long: The price must break through the upper boundary with volume, and OBV must confirm it.
Turning upwards.
Be cautious about going short: If there is a high without volume followed by a drop or a significant drop breaking below the lower boundary at $88,930, then the balance is broken and it turns bearish.
Core: Patiently wait for a confirming candlestick with volume; otherwise, it’s all noise.
