The current Bitcoin price is tightly fluctuating just below the middle band of the Bollinger Bands, which is a crucial watershed for the confrontation between bulls and bears. After a continuous decline, the price has entered a low consolidation range, and the bearish momentum has already weakened. The lower band of the Bollinger Bands has built an unbreakable support barrier. There is only one real signal to go long: the price stabilizes at the middle band, accompanied by a strong bullish closing with increased volume! This is the golden signal of bearish exhaustion and trend reversal, and it is the best time for us to enter the market.

The operational strategy is clearly given: you can decisively go long on Bitcoin around 90000, with a target directly looking at 92000. Seize the turning point of the trend, it is now! $BTC

BTCUSDT

Perp

90,360.2

-2.12%