The price retracement after hitting the upper Bollinger Band is not a signal of trend reversal, but rather a healthy washout behavior where the main funds actively digest the resistance above. The current market volatility is extremely high, and the Bollinger Band opening continues to widen, indicating an intensification of the tug-of-war between bulls and bears. However, the strong support area below has not been effectively breached, and after adequate chip exchange, a major market trend is expected to explode.
BTCUSDT Market Performance
Bitcoin's highest price in the last 24 hours reached 90588.23, the lowest was 87615.07, currently around 89926.45. The overall volatility range is large, showing strong market momentum, consistent with the characteristics of the widening Bollinger Band, and the main funds are actively exchanging hands without a significant breakdown of support.
ETHUSDT Market Performance
Ethereum's highest price in the last 24 hours reached 3077.39, the lowest was 2944.49, currently around 3057.37. The price is also oscillating at a high level, with significant volatility, the market's chip exchange is sufficient, and the short-term retracement has not breached key support, and a larger market trend is expected to follow.
BTCUSDT
Perp
88,544
-0.01%
ETHUSDT
Perp
3,004.18
-0.04%
