Friday, January 23rd Morning Market Observation



On the four-hour chart, #Strategy加仓比特币 has experienced a few consecutive declines and is now oscillating around the support level. Currently, it is in a consolidation phase. The upper and lower bands of the Bollinger Bands are gradually narrowing, indicating that the bullish and bearish forces are temporarily balanced. The next step is to wait for this consolidation to complete, which is likely to lead to a more obvious market movement.

Looking at the one-hour trend, the price just broke below the lower Bollinger Band and has now pulled back. The long upper and lower shadows on the candlesticks indicate that there are intense battles happening within the market, but a closer look shows that the bearish momentum is clearly weakening. The MACD fast and slow lines are converging at low levels, and the KDJ is also brewing a golden cross signal, suggesting a high probability of a short-term rebound.

From this perspective, you can gradually position for long trades around 88500 and 88000. The first target is set at 91000, and if it breaks through, 93500 is within reach. $BTC $BTC We will continue to monitor the market moving forward.
BTC0.18%
BNB0.65%
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GovernancePretendervip
· 7h ago
The Bollinger Bands are tightening, which means a move is coming. This rebound is definitely solid, entering at 88,000 won't be a loss.
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BasementAlchemistvip
· 15h ago
The Bollinger Bands are tightening, and this wave is indeed brewing. I've already started testing the waters around 88,000, betting that this move can break 91,000.
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tx_or_didn't_happenvip
· 15h ago
The Bollinger Bands tightening is a signal to move, the KDJ golden cross alert has sounded, and the 88500 level is indeed a good entry point.
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ZeroRushCaptainvip
· 15h ago
Once again, it's the classic talk about Bollinger Bands tightening and MACD golden cross about to happen. The last time I heard this set, I got cut in half haha. Buy the dip at 88500? Bro, isn't that my contrarian indicator? Then I better wait and see.
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AirdropGrandpavip
· 15h ago
Bollinger Bands are tightening, bulls and bears are competing. I like this rhythm, waiting for a rebound.
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rugged_againvip
· 15h ago
I've heard the phrase "Bollinger Bands tightening" too many times. Every time, it's said to indicate a big move, but in the end, it breaks the level and turns out to be true.
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BottomMisservip
· 15h ago
I have already placed an order at the 88,500 level, just worried that a rebound might crash it down for another round.
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