1.7 Wednesday Midday Market Analysis
In the morning, Bitcoin faced resistance around 93,800 and retreated, touching a low of 92,200 before entering a narrow range consolidation.
From the hourly Bollinger Bands, the three lines show a downward divergence trend, with a gentle downward slope and slightly expanding opening, reflecting a short-term bearish dominance; after breaking below the middle band, although there was a rebound testing the middle band resistance, it failed to break through effectively, indicating that selling pressure above is relatively concentrated.
At the same time, the 5-d
View OriginalIn the morning, Bitcoin faced resistance around 93,800 and retreated, touching a low of 92,200 before entering a narrow range consolidation.
From the hourly Bollinger Bands, the three lines show a downward divergence trend, with a gentle downward slope and slightly expanding opening, reflecting a short-term bearish dominance; after breaking below the middle band, although there was a rebound testing the middle band resistance, it failed to break through effectively, indicating that selling pressure above is relatively concentrated.
At the same time, the 5-d












