
奇迹|May 23, 2025 08:48
2025.5.23 Current Market Analysis of Big Cake (BTC)
1. Market analysis
The current market situation is in a stage of temporary sideways consolidation, which is a normal adjustment phenomenon after a continuous staircase rise. From the 4-hour level technical indicators, the price has hit the overbought area of the upper Bollinger Bands and experienced a pullback, currently stabilizing in the strong zone between the upper and middle tracks. It is worth noting that the three tracks of the Bollinger Bands show a 45 degree upward opening state, with the upper track continuing to diverge, the middle track steadily rising, and the lower track moderately rising. The expansion of the three tracks in the same direction clearly indicates that the market is still dominated by bulls and is still in an upward channel.
2. Operational Approach
Based on the above market analysis, everyone can continue to maintain a bullish upward trend. You can go long when the BTC price is around 109800-110400, aiming for a profit margin of 1000-3000 points. However, it should be noted that there are risks in the market and trading operations should be cautious.
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