Market Analysis for the Morning of October 9

This morning, Bitcoin fell from around 124,000 to about 122,500, creating a relatively ideal trading window.

From the 4-hour level, the current price is oscillating and consolidating in the middle band area of the Bollinger Bands. The upper band is gradually flattening, and the slope of the middle band is slowing down, indicating that the previous strong upward trend is gradually transitioning into a phase of oscillation and adjustment.

From the perspective of trading volume, the pullback process is accompanied by an increase in trading volume, while the rebound stage sees a relative decrease in volume, reflecting that the current bullish momentum has weakened, and the market needs to re-accumulate upward momentum.

The subsequent trend is particularly crucial:
If the price can effectively stabilize above the middle band of the Bollinger Bands accompanied by an increase in volume, the upward trend is expected to continue;
Conversely, if it continues to operate under pressure below the middle track, the possibility of testing the support of the lower Bollinger Band again cannot be ruled out.

Operation Suggestions:
You can place a long position around 122,200, targeting the area of 124,500.