3.6 Big Brother and Second Brother Intraday


From the current market structure, Bitcoin's daily rebound has shown clear signs of resistance after touching the middle band of the Bollinger Bands. As the three lines of the Bollinger Bands converge and flatten, the market has shifted from a single-sided decline to a complex oscillation and trading phase. The middle band has become the key dividing line between bulls and bears.

In terms of market performance, the bulls have attempted multiple times to break above the middle band but have failed to establish a firm hold, indicating weak buying momentum at high levels. Meanwhile, bears are defending strongly in this area. If the price cannot break through and stabilize above the middle band, the overall daily structure is likely to remain under pressure, and a significant reversal of the weak oscillation pattern is unlikely in the short term.

Switching to the four-hour chart, after the price rose to the upper band area and was rejected again, the short-term upward momentum has noticeably slowed. The previous rapid decline and rebound correction phase has basically ended. The current market has entered a consolidation phase after a rally, with bulls and bears temporarily locked in a tug-of-war.

Big Brother's support is around 71600, with a target near 72600, and a further look below 69500. If broken, support is at 67600.
Second Brother's support is around 2120, with a target near 2160, and a further look below 2030. If broken, support is at 1950.
BTC-3.17%
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