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Based on the current market analysis, the 1-hour trend shows that after a dip and fill-back in the early morning, a rebound and rally have begun, currently operating near the 93,000 level. The overall price remains below the middle band, but the bullish strength is significantly increasing. In the short-term battle between bulls and bears, bulls are taking the lead. The market should be approached with a strategy of oscillating and leaning towards strength.
The current price has broken through previous resistance levels, with the Bollinger Bands continuing to move upward, opening an upward channel. Meanwhile, recent trading volume has significantly increased compared to the previous hours, with price and volume rising in tandem, indicating heightened market activity and sufficient upward momentum. It is recommended to focus on buying on dips.
Bitcoin: Around 92,700-92,200, with a dip to 91,700, aiming for 93,700-95,000$BTC