7.17 Afternoon Big Coin Market Analysis

The daily candlestick chart for Big Coin shows that it oscillated around the 120,000 level, with the lowest touching around 117,600, before entering a consolidation phase, and the short-term volatility range is narrowing.

From the hourly Bollinger Bands perspective, the bands are in a clearly flattening state, with the three lines trending towards parallel, and the upper and lower bands continuously compressing, indicating that the current market struggle between buyers and sellers is stuck in a stalemate, with a high probability that the short-term Big Coin will maintain range-bound oscillation.

The MACD dual lines previously formed a death cross above the zero line, and the momentum has started to release: the dual lines are extending downwards, showing a significant decline in short-term bullish momentum, with downward pressure increasing.

Big Coin can oscillate in the range of 117,600 - 117,100

Target can be set around 119,500 - 120,000

Second Coin can oscillate in the range of 3,300 - 3,280

Target can be set around 3,380 - 3,420 #BTC走势分析