2026-01-17 15:27:15

Bitcoin has been very calm during the holiday these past two days, with little volatility. The current price level is below the middle band of the four-hour Bollinger Bands, which makes one wonder—can the 95700 middle band be reclaimed? This breakout point is very critical.

If the Bollinger middle band remains unbroken, the probability of a pullback is quite high. It is very likely to fall back into the range-bound zone that has been oscillating for the past two months. Such a trend is actually quite common.

We are still holding short positions at the upper boundary of the 94200 range, and we are defending it. The market will either confirm the middle band support upward or look for support downward; it all depends on how the situation unfolds next.

BTC-1,63%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
7
Repost
Share

Comment

0/400

wagmi_eventually

· 01-20 13:00

If I can't break 95700, I won't watch anymore. Anyway, there's nothing much during the holiday.

View OriginalReply0

HodlKumamon

· 01-20 03:49

95700 is the threshold, XiongXiong thinks we need to see the trading volume over the next three days to make a judgment. Data speaks!

View OriginalReply0

SellTheBounce

· 01-17 15:57

If you can't break 95,700, then you have to keep pushing lower. How many years has this pattern been repeating... Sell on the rebound, don't overthink it.

View OriginalReply0

quietly_staking