612 Midday Analysis

The current Bitcoin hovers around the 108,000 mark, oscillating narrowly between the 107,600 and 108,700 range, with both sides engaged in a fierce battle around the key support level. The previous pullback did not effectively break through the core support zone, and the Bollinger Bands are showing a converging and flattening trend, indicating a narrowing range of fluctuations in the short term, oscillating between the upper and lower bands (around 107,500). If the support level holds firm and the Bollinger Bands expand again, the current range oscillation may be seen as a 'support test'.

Suggestions:

Bitcoin: Engage in trades around 107,300-106,500, targeting 108,300-109,500.

Altcoin: Engage in trades around 2,730-2,700, targeting 2,790-2,850. #BTC走势分析