7.19 Evening Analysis of the Big Pancake Market

On Saturday morning, it fluctuated from 116900 to 118548, with a fluctuation space of about 1600.

The midday market activity was not very significant, oscillating within a narrow range around 118200. The forces on both sides are similar, with no clear advantage. Looking at the hourly Bollinger Bands indicator, it is clear that its three lines are showing a state of "converging parallelism"—the distance between the upper band, middle band, and lower band is slowly narrowing, and the lines are almost running parallel. This pattern actually indicates that the market's volatility may be relatively small in the short term.

The big pancake can be around: 119000-119500, target 117100-116600.

The second pancake can be around: 3580-3620, target 3520-3480 near #BTC走势分析 .