2025-12-31 00:25:07

The early trading session today is making a direction choice. From a technical perspective, Bitcoin has formed five consecutive bearish candles on the hourly chart, and after touching the middle band of the Bollinger Bands, it started to rebound — this is a relatively clear support level. Currently, the price is still gradually rising, maintaining the rebound momentum.

The 2-hour chart shows an even more interesting pattern. After breaking below a key level, it quickly recovered, forming a rebound. The Bollinger Bands are showing signs of narrowing, which usually indicates decreasing volatility and that the market is brewing a direction.

The launch of the Federal Reserve's repurchase agreement plan also gives the market some imagination space. Based on the current pace, after confirming key levels, we can consider a low-buying strategy. However, we still need to wait for further signals from the Bollinger Bands and not rush to chase highs.

BTC1.39%

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RamenStacker

· 4h ago

The talk about Bollinger Bands tightening has been heard so many times. Every time, they say to wait for a signal, but when the signal comes, there's always a new reason to delay... Forget it, let's just keep watching.

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GateUser-44a00d6c

· 4h ago

The Bollinger Bands are tightening, indicating a potential direction. We really need to wait for a signal before acting. --- It's another pattern of 5 consecutive bearish candles. It's okay to go long on dips, just beware of chasing highs and getting cut. --- The Federal Reserve's move indeed leaves room for imagination, but don't be fooled into falling for it. --- Let's confirm the key levels first; chasing highs now could easily turn you into the bag holder. --- A rebound after 5 bearish candles looks technically promising, but caution is advised. Let's see how the Bollinger Bands develop.

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PseudoIntellectual

· 4h ago

The Bollinger Bands tightening pattern has been seen too many times. The key is whether it can break through the critical level; otherwise, it's just a false alarm.

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GasSavingMaster

· 5h ago

You're still making directional choices, huh? I've heard this routine several times before. The Bollinger Bands narrowing... To put it nicely, it's brewing; to be blunt, it just means there's no direction. The best advice is not to chase highs. By the time the signal appears, the yellow flowers will have withered.

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