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Weekend Market Update: After Narrow Range Oscillation, Will the Market Change on Sunday?
As expected, Saturday's market continued its usual pattern, with volatility further narrowing.
Looking at the 1-hour Bollinger Bands, the market is gradually entering a phase of narrow consolidation, with bulls and bears temporarily balanced. This calm often signals an impending breakout, so pay close attention to whether Sunday will break the deadlock!
Upside resistance: Watch closely at the 86300 level. If this is effectively broken, there is a high probability of opening up further upside. If the breakout fails, the market will likely return to range-bound movement or continue to test lower levels (a new low or double bottom cannot be ruled out).
Downside support: The first support is at 81600. If this is lost, further testing of the 78700 - 77600 range is expected.
Although weekend trading is light, key price level breakouts or breakdowns are worth closely monitoring. It is recommended to patiently wait for a clear direction and avoid blindly chasing gains or selling into declines!!! #BTC