#Gate 新上线 WLFI# #九月份加密市场能否突破# #今日你看涨还是看跌？#

Bitcoin rebounded after retreating to a low of 107391 in the early session yesterday; during the afternoon session, bulls pushed the price back up to a high of 110655; although it fell to 108331 in the evening session, it quickly rebounded, testing a peak of 111730 before stabilizing above 111000. From a technical perspective, the middle band of the Bollinger Bands is continuously extending upwards, providing strong support for the price, and the price has consistently been operating above the middle band in the short term, indicating relative strength of bulls. However, it is important to note that the opening of the Bollinger Bands is currently narrowing, which means that the volatility of Bitcoin may decrease in the short term, and the market may enter a consolidation phase. The previous large bullish candle laid the foundation for Bitcoin's rise, and the subsequent price did not break the key support level of 110000, further consolidating market confidence. In terms of volume performance, the volume significantly increased during Bitcoin's rise, while it shrank during corrections, reflecting that bulls have not exited on a large scale, and the market selling pressure is relatively light. In summary, if Bitcoin can break through the key point of 112200 with increased volume in the future, the bullish trend is expected to continue, and the price may welcome new upward space; conversely, if it fails to break through effectively and shows insufficient volume, caution should be exercised regarding another potential correction.