Analysis of Bitcoin Price Movement in the Early Hours of the 1.5
From an hourly perspective, Bitcoin maintains an overall upward trend, with the price continuously trading near the upper band of the Bollinger Bands, and multiple instances of stabilizing and rebounding near the middle band, indicating that buying momentum still dominates. In the KDJ indicator, the three lines are relatively close (currently around 45-46), showing signs of convergence and upward movement, suggesting that the short-term consolidation may be nearing its end, and there could be potential for another upward push. The current major resistance level is near the previous high of 91,779.7. If a valid breakout occurs, the market may further open up upside space and continue the trend. Trading Suggestions
Look for a pullback to around 90,800-90,300 to go long, with targets at 92,000-93,000. If broken, continue to look higher.
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Analysis of Bitcoin Price Movement in the Early Hours of the 1.5
From an hourly perspective, Bitcoin maintains an overall upward trend, with the price continuously trading near the upper band of the Bollinger Bands, and multiple instances of stabilizing and rebounding near the middle band, indicating that buying momentum still dominates.
In the KDJ indicator, the three lines are relatively close (currently around 45-46), showing signs of convergence and upward movement, suggesting that the short-term consolidation may be nearing its end, and there could be potential for another upward push.
The current major resistance level is near the previous high of 91,779.7. If a valid breakout occurs, the market may further open up upside space and continue the trend.
Trading Suggestions
Look for a pullback to around 90,800-90,300 to go long, with targets at 92,000-93,000. If broken, continue to look higher.