September 30th BTC market analysis

Currently, Bitcoin is exhibiting a sideways movement within a horizontal channel on the 4-hour level, with both long and short forces temporarily achieving a balance. After the price previously tested the support of the lower channel boundary, it has bounced back with a series of bullish candles, not only recovering the previous losses but also regaining a position above the middle band of the Bollinger Bands. The middle band shows solid support, with active buying reflected in the market, indicating that the buying power below remains resilient. At present, the fluctuation can be regarded as a technical consolidation before a new upward movement, and the possibility of breaking through the upper channel resistance is gradually increasing.

Operation suggestion: Short-term bias is bullish, focus on the 115000 line. #GateLayer正式上线