This morning, the BTC trend completely aligned with the long term forecast, successfully reaching the key position of 119400. However, after the surge, the trading volume was clearly insufficient, leading to a narrow range consolidation phase. This indicates that the market has temporarily reached a relative balance of power between bulls and bears after the surge, and needs to rebuild momentum to choose the subsequent direction.

From the hourly BOLL indicator perspective, the three bands are diverging upwards simultaneously, which is a clear signal of the continuation of a bullish structure. However, the BOLL bands are continuously narrowing, which means that the short-term fluctuation space of the market will be further compressed. In this situation, the price fluctuation range will become smaller, and market trading activity may decline.
During this period, BTC has faced pressure and retreated from the upper track, but it has consistently stabilized above the middle track, without effectively breaking below it. This performance fully verifies the strong support of the middle track and indicates that the current short-term bullish trend has not been fundamentally damaged. As long as the price remains above the middle track, there is still a basis for further increases. However, if the price breaks below the middle track subsequently, the bullish trend may be challenged, and the market situation may change #加密市场反弹 .