During the early morning period, the price of Bitcoin surged strongly towards the 110,000 mark, reaching a high near 110,500 before facing downward pressure. The technical indicators present a complex pattern with multiple mixed signals:

From the hourly analysis of the Bollinger Bands, the channel shows a significant convergence trend. After the Bitcoin price hit the upper band and was suppressed, it quickly fell below the middle band support level. Currently, the Bollinger Bands channel is maintaining a parallel run, with the bandwidth contracting to the extreme range of 0.85%, indicating a significant compression of market volatility in the short term, and it is highly likely to enter a narrow range oscillation phase.

The MACD indicator also releases bearish signals, with the two lines completing a critical transformation from a golden cross to a death cross above the zero axis. After five consecutive trading periods of tight oscillation, the distance between the two lines is gradually widening, with the green momentum bars continuously increasing, indicating that bearish forces are dominating in the short term, and the market may continue its downward adjustment.

Early morning trading suggestions

Bitcoin: around 109,500-110,000, target 107,000

Ethereum: around 2,580-2,600, target 2,510

Market conditions change rapidly, the above suggestions are for reference only, and specific operations should be based on actual conditions!

#非农就业数据来袭 #BTC重返11万 #特朗普马斯克分歧 #Solana质押型ETF #大而美法案 $BTC $ETH