Evening Analysis

The big coin started an upward movement from 116700 during the day, touching 118400 before entering a narrow range of fluctuations. The Bollinger Bands on the hourly chart are converging parallel, indicating a contraction in short-term volatility and a stage of momentum buildup before a directional choice. The price has moved away from the middle band towards the upper band, with bulls currently in control.

The MACD double lines are moving parallel and upward below the zero axis, with a slight increase in the histogram, indicating a decline in bearish momentum and a mild accumulation of bullish momentum.

It is recommended to set up long positions in the 117000-117800 range, targeting 118600-119800. $BTC