BTC: it will move between $7,300 ~ $7,100 range these days
According to John Bollinger, a well-known market technician who invented the Bollinger Bands indicator, crypto prices have reached the "bottom of the cycle." The legendary trader also pointed out that the crypto market setup "looks good." check his twitter.
From the current hourly k-line chart display analysis, the price basically fluctuates and consolidates in the $7,300 ~ $7,100 range, and there is currently no good entry point.
If the price still fails to effectively break through the $7,300 strong pressure level, radical investors can choose to enter the short order here.
Conversely, if the price stands above $7,300, investors can choose to enter the market. If the price drops below $7,100 again, aggressive investors can choose to enter the market with short positions.
my prediction: it will move between $7,300 ~ $7,100 range for a period of time, waiting for actions from both sides.
From the current hourly k-line chart display analysis, the price basically fluctuates and consolidates in the $7,300 ~ $7,100 range, and there is currently no good entry point.
If the price still fails to effectively break through the $7,300 strong pressure level, radical investors can choose to enter the short order here.
Conversely, if the price stands above $7,300, investors can choose to enter the market. If the price drops below $7,100 again, aggressive investors can choose to enter the market with short positions.
my prediction: it will move between $7,300 ~ $7,100 range for a period of time, waiting for actions from both sides.
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