$BTC The giant whale sold off on Friday, the trend continued to weaken, and it only halted around the 114600 line, before the main force supported it back to 119800 again. Overall, the trend has returned to the high end of the oscillation range. Currently, the low and high points are parallel, while the daily Bollinger Bands are synchronously narrowing. If the parallel high point breaks, it will test the upper band of the daily Bollinger Bands. If it does not break, it will go through another round of the parallel range. Therefore, under pressure, it can be contained, but if it breaks, it will rise again. The first narrowing of the daily Bollinger Bands has a higher possibility of moving within the daily Bollinger Bands range. The middle band of Bollinger Bands has also extended to yesterday's low point, as long as it breaks, it can continue further. Overall, it is still not a strong structure, and the high position can still be contained.

In the afternoon, it will oscillate around 119400 to 119700, with a defense at 119950. The short target is 117800, and the wave segment is around 116200. The small long target is around 114400. #BTC