2026-01-02 09:22:33

From the daily chart, Bitcoin has stabilized above the middle band of the Bollinger Bands for the first time after several days of fluctuation, and this signal is quite clear. More importantly, a bullish engulfing pattern has appeared, indicating that the bulls are further strengthening. Previously, it was analyzed that there is a high probability of catching the holiday market trend for a breakout. Now, the conditions are increasingly favorable—the Bollinger Bands are about to contract, which is a typical pre-breakout signal. Therefore, the upcoming strategy will still focus on buying on dips.

From a technical perspective, recent support is around 88,500-88,000. On the upside, first watch for resistance at 90,500-91,000. If a smooth breakthrough occurs, 93,000 will be within sight. The overall rhythm remains optimistic, but it is important to maintain support below.

BTC2,92%

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ProbablyNothing

· 14h ago

The Bollinger Bands narrowing is a phrase I've heard too many times. Every time, it's said that a breakout is coming, but what happens? It's just sideways consolidation again, which is really tiring. However, if 88,000 can't be broken this time, then we really need to consider a bearish trend. Bullish engulfing? Wake up, brother, a rebound is just a rebound. Holiday market? Ha, that's a pretty good excuse. Actually, it all depends on whether 93,000 can hold steady; everything else is just noise. Touching the kidney position again at 88,500? That's a bit risky. The middle band of the Bollinger Bands is getting excited; why is this chart so easily satisfied? A pullback to go long is fine, just don't go all in, keeping some bullets is crucial.

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FantasyGuardian

· 23h ago

Here we go again with the Bollinger Bands narrowing pattern. Every time, it’s said to break out, but the result is still consolidation. Is this really happening this time?

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BearMarketBuyer

· 01-02 09:49

I'm tired of the Bollinger Bands narrowing explanation. Every time they say there's a breakout, but then they reverse and smash it.

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BearMarketSurvivor

· 01-02 09:44

The Bollinger Bands tightening move I've seen too many times. Every time they say it will break out, but what happens? As I always say, if we can't break 88,000, we have to admit defeat. Don't even think about 93,000.

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WhaleWatcher

· 01-02 09:34

The idea of Bollinger Bands narrowing has been mentioned many times. Here we go again with another "upcoming breakout." First, hold the 88500 level well. If it can't break this level, don't even think about 93000.

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GasFeeCrybaby

· 01-02 09:26

The talk about Bollinger Bands tightening has become tiresome. Every time, they say there's a breakout, but then it pulls back. I just want to ask, could this be another false alarm this time?

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