7.10 Afternoon Analysis
Looking back at the morning, the overall trend of Bitcoin maintained a narrow oscillation in the 111125 range, with the market currently in equilibrium.
From the hourly Bollinger Bands perspective, the current Bollinger Bands are showing an expanding trend, with all three bands maintaining an upward slope. The overall structure of the bands leans towards strength. In terms of performance, Bitcoin continues to oscillate around the upper Bollinger Band area, indicating that the short-term momentum still has a certain level of dominance. The upward direction, although under pressure, has not shown a significant decline in willingness.
Bitcoin can be positioned around the 111800 - 112500 range.
The target can be set around the 110300 - 109600 range.
Ethereum can be positioned around the 2800 - 2840 range.
The target can be set around the 2740 - 2700 range.
