8.3 Midday ETH Market Analysis:

From the hourly Bollinger Bands perspective, it presents a typical horizontal convergence pattern: the three lines are running almost parallel, and the width of the bands has significantly narrowed compared to the previous day, with the channel range continuously compressing. This pattern indicates that in the short term, the market is balanced between long and short positions, and the price is oscillating within a narrow range. The strategy should be to adopt a high short and low long approach.

Big Brother's trading reference: ETH is hovering around 3460, with a target looking towards around 3360 #币圈 $ETH