7.10 Bitcoin Early Morning Market Analysis:
Reviewing the evening market, Bitcoin first showed a stretching trend, touching the 109800 level, and then fell under pressure to around 108400, entering a phase of range oscillation and consolidation.
From the hourly Bollinger Bands perspective, the three lines are exhibiting a flat trend. After a brief breakout above the upper band, it quickly retreated back to operate within the bands, indicating a clear characteristic of current range consolidation.
At the same time, the MACD dual lines maintain a parallel upward trend along the zero axis. Although the momentum has not significantly amplified, it remains in a strong range overall.
Bitcoin can be positioned around 109800-110200
The target can be set near the 108200-107600 range
