7.17 Midday Analysis

Reviewing the morning, the big pie oscillated downwards from the 119200 line,

most notably touching around 117600, and then entered a consolidation phase,

the short-term volatility range has narrowed.

From the hourly level Bollinger Bands perspective, the bands show a clear flattening

state, the three lines tend to be parallel, and the upper and lower band ranges continue to compress, indicating that the current market struggle between both parties is stuck in a stalemate, and the short-term volatility is likely to maintain a range-bound pattern.

The MACD double lines previously formed a death cross at the zero axis,

the momentum has started to release: the double lines extend downwards simultaneously, showing that the short-term momentum has shown a significant decline, and the downward pressure has increased.

Therefore,

the big pie can be placed around the 117500-118000 range,

targeting around the 119000-120000 range.

The second pie can be placed around the 3320-3330 range,

targeting around the 3370-3420 range #美国加密周