@brush6
Bollinger Bands consist of a middle band (a moving average) and two outer bands that represent price volatility. When Bitcoin’s price hits the lower band, it might signal that the asset is oversold, potentially a buy opportunity. Conversely, if the price reaches the upper band, it might be overbought, suggesting a sell signal. However, it’s important to consider the overall trend and confirm with other indicators like RSI or MACD to avoid false signals. Bollinger Bands work best in conjunction with other technical tools to refine entry and exit points.
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