Analysis: Current BTC Bollinger Band squeeze may indicate that the market is about to enter a rally phase

CryptoQuant analyst Axel Adler Jr. published an article analyzing that the current market is experiencing a typical Bollinger Band squeeze phenomenon, with the interval between the upper and lower rails dropping to 7.7%, one of the lowest values in this bull market cycle. The analyst stated that this decrease in volatility indicates that the market is accumulating energy, and the price is ready to enter a pull-up phase. In an upward trend environment, the probability of an upward breakthrough is significantly higher. Axel pointed out that there have been six obvious Bollinger Band squeeze situations in this bull market cycle. Among them, price increases occurred immediately after four squeezes, and the other two experienced slight adjustments before recovering growth. Based on these experiences, the current squeeze state is likely to herald another wave of upward impulse, although there may be a slight consolidation before that. [Odaily Planet Daily]