The consecutive gains have been achieved. Although the points gained later were not many, it was the weekend. I mentioned on Friday morning that the correction phase would last until next Monday, and the trend reflects this as well. After the higher trade volumes, if the daily Bollinger lower band is not broken, it will continue to rise. However, if the volume is too high, it won't have the momentum to increase again, so it won't rise much—at most just a little spike, and the movement is likely to be like this. Additionally, if the smaller time frames have deviated from the trend structure, then it is inevitably a time correction. A time correction means range-bound fluctuations, with high points at the upper range and low points at the lower range, which is essentially a free gain. Therefore, the consecutive gains can be achieved easily.

Currently, the overall trend structure is still dominated by the bears, but the correction is not yet complete and there is a demand for a pullback. At present, the structure on all time frames below four hours has caught up with the trend, and the Bollinger Bands have narrowed, so the next focus is on the four-hour chart. The four-hour Bollinger Bands are also in a state of contraction, first looking to test the support at the middle band of the four-hour Bollinger Bands. If it can stick closely, then a break is likely; if there is space left, then it may go up again. Overall, we can first look for a pullback to test the support at the middle band of the four-hour Bollinger Bands.

In the afternoon, look directly at around 117900, then check around 116700. #BTC再创新高# #ETH突破3000# #VIP 专属空投嘉年华#