Evening Analysis on July 13

In the afternoon, Bitcoin fluctuated narrowly in the range of 117600-118100, with a narrowing amplitude indicating a stalemate in the short-term tug-of-war between bulls and bears.

The hourly Bollinger Bands are showing a horizontal convergence, with all bands flattening and the distance not expanding, indicating that we are currently in a phase of sideways consolidation, and the mid-term trend direction remains unclear. The price is operating between the middle and upper bands, showing a slight advantage for the bulls in the short term.

The MACD dual lines are converging, with the distance decreasing, and momentum continues to shrink, reflecting a weakening of bullish strength, leading to a balance between bulls and bears.

Operational suggestion: low long strategy, Bitcoin can be bought in the range of 116500-117200, with a target of 118300-119000. #BTC再创新高 #比特币