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Currently around 69,800 for Bitcoin, it is in a high-level consolidation phase. However, the overall trend remains bullish, with the price staying above the middle band of the Bollinger Bands, showing no signs of a breakdown. The key support level is near the middle band at 68,500. As long as it does not break below this level effectively, the bullish trend will remain intact. The strong resistance level is near the upper band at 71,500, which coincides with previous highs and serves as the main obstacle for a short-term rebound.
Recommendation: Short at around 70,600 if a volume-increasing

Currently, Bitcoin remains in an overall bullish trend, with the price trading above the middle band of the Bollinger Bands, showing no signs of a breakdown. After a rally to around 72,000, a pullback occurred, and the market is now in a short-term correction phase.
The middle band of the Bollinger Bands is the current line of defense for the bulls. As long as the price stays above this line without breaking it effectively, there is still potential for an upward breakout after consolidation. The upper band coincides with recent highs and represents a strong resistance level. The price is some

Based on the current situation, Bitcoin's price has stabilized above the middle band around 67,973, which has become a short-term strong support level. The price has broken through the upper band near 70,304, indicating a strong breakout signal, suggesting that bullish momentum is sufficient. However, it also means that there may be short-term pullback pressure. The recent low point roughly coincides with the starting point of this rebound, serving as a strong support area below.
Currently, on the 4-hour chart, the price has strongly broken above the upper Bollinger Band, opening an upward cha

The current price of the second Bitcoin slightly broke above the upper band of the Bollinger Bands, indicating that the short-term bullish momentum is strong, but it also means that the technical indicators are overbought, and a pullback risk is accumulating. The Bollinger Bands are generally narrowing, with the price fluctuation range tightening, and a breakout in either direction is likely to occur soon.
Starting from around the low point of 1906, the price has been moving in a sideways upward trend, with more bullish candles than bearish candles, indicating that the bulls are dominating t

Based on the four-hour candlestick chart, Bitcoin is currently trading above the middle band, close to the upper band, indicating that the short-term bullish momentum is strong. However, approaching the upper band also means that an effective resistance has formed above, increasing the risk of a pullback. Meanwhile, the Bollinger Bands are gradually narrowing, indicating that price volatility is decreasing.
Support is around 67,684. If the price pulls back but does not break below this level, the bullish trend is likely to continue. Resistance is near 69,500. A volume breakout above this leve

As previously mentioned, when the price breaks below the downward channel, it is advisable to decisively enter short positions. Currently, there is no effective support below. The 15-minute chart shows support at 65,500, while the four-hour chart clearly indicates support around 62,500. At present, Bitcoin is in a short-term downward pressure, testing lows, and consolidating at the bottom. If it fails to hold, a further decline to the 61,150 area is likely. The first major resistance above is around 68,500; only a volume breakout can alleviate the short-term downtrend.
The main reason is that

Bitcoin has quickly fallen from the recent high of 74,046 and is currently consolidating around 70,730. A short-term support has formed near 70,600.
Due to the ongoing high interest rate environment maintained by the Federal Reserve, the failure of the March rate cut expectation, and the overall pressure on the crypto market, the long-term positive factors such as the advancement of the US crypto legislation and the stable license issuance in Hong Kong still provide bottom support for the market.
From the recent high of 74,046, the price has dropped rapidly, forming consecutive bearish candles