The daily chart of Bitcoin shows a previous candle closing bearish near the lower band, supported at that level, with a rebound at the open of the day. The Bollinger Bands are narrowing, and the short-term moving averages are fluctuating around the middle band. The MACD fast and slow lines are extending upward with signs of flattening, while the volume bars are shrinking again. The KDJ is moving downward but shows signs of turning upward. The VR indicator is consolidating around the 70 level.



On the four-hour chart, the market is oscillating within a range, currently supported at the lower boundary, testing the middle band after bouncing. The Bollinger Bands are narrowing, with short-term moving averages trending downward. The MACD fast and slow lines are turning upward with decreasing volume. The KDJ has crossed upward, approaching resistance around 100. The VR indicator is consolidating near 100.

Overall, the market is at the end of a converging triangle pattern. There is a high probability of a breakout this week due to numerous news events. On Tuesday, the Non-Farm Payrolls report; on Thursday, CPI data will increase market liquidity. Short-term resistance is around 92,000, with support near previous lows. If broken, watch around 86,000. This is a short-term analysis. #加密市场反弹
BTC2.23%
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