8.3 Evening Analysis
Reviewing the afternoon, the Bitcoin fluctuated within the range of 113200-113800, with the market in a state of equilibrium.
From the hourly Bollinger Bands perspective, it shows a relatively strong consolidation characteristic: the lower band is horizontally flat, forming a short-term support platform, while the middle and upper bands are slightly inclined upwards, creating a mild upward channel; the upper band is being driven by volume to continuously diverge upwards, with the distance between the bands gradually widening, indicating that the market momentum is steadily accumulating, and after the oscillation, it is expected to initiate an upward surge towards the upper range.
Therefore,
Bitcoin can be positioned around the range of 113200-112700.
The target can be seen around the range of 114200-114700.
Ethereum can be positioned around the range of 3440-3400.
The target can be seen around the range of 3500-3540.
