Bitcoin Trend Analysis Today

Bitcoin is currently priced at 116,800, with the daily K-line peaking at 117,400. Powell’s comments directly pushed Bitcoin up by over 5,000 points. Whether the daily chart will form a right shoulder pattern remains uncertain, and we can only wait for the market to break through the middle band before making a definitive conclusion. The middle Bollinger Band at 116,660 was breached, and a large bullish candlestick on the four-hour K-line chart broke through the key resistance of 114,500. The MACD bottom divergence trend reversed, with the K-line breaking through the upper Bollinger Band at 115,800. Overall, the market has returned to a high equilibrium point, and we cannot rule out intraday trading within the middle Bollinger Band.