#BTC The Bollinger Bands are currently continuing to narrow, with prices being significantly compressed. There is a high probability that a direction will be established tonight. I will briefly summarize the pressure and support based on the AI Bollinger Matrix as a reference for operations.
The pressure on the upper side for 1m–8h is basically concentrated at 89k–90k, 12h at 91k, and daily at 94k. If considering a short position, 91k or 94k would be more comfortable positions. We'll see how it goes tonight.
The support in the lower area for 1h–4h is around 87,500, and the support zone for 8h–daily is between 85,500–85,000.
If you try more ideas, you can first test with a light position near 87,500, then consider adding near 85,500. If the structure below 85,000 deteriorates, directly stop loss.
Overall, it's still the old approach of waiting for direction, relying on structure, and not chasing prices. Just follow the trend once it emerges tonight.
The pressure on the upper side for 1m–8h is basically concentrated at 89k–90k, 12h at 91k, and daily at 94k. If considering a short position, 91k or 94k would be more comfortable positions. We'll see how it goes tonight.
The support in the lower area for 1h–4h is around 87,500, and the support zone for 8h–daily is between 85,500–85,000.
If you try more ideas, you can first test with a light position near 87,500, then consider adding near 85,500. If the structure below 85,000 deteriorates, directly stop loss.
Overall, it's still the old approach of waiting for direction, relying on structure, and not chasing prices. Just follow the trend once it emerges tonight.
