8.4 Early Morning Analysis
Reviewing the evening, the overall trend of the Bitcoin remained in a narrow oscillation range of 113500-114200, with both parties playing a game within this range at a slow pace, without any effective breakout actions, and the market sentiment is relatively cautious.
From the hourly Bollinger Bands perspective, the three lines show a slight upward divergence, with all three bands slowly rising together. This characteristic reflects that the short-term market sentiment is still in a strong oscillation rhythm. Although the upward momentum has not been fully released, the overall upward momentum is gently accumulating.
Therefore,
Bitcoin can be positioned around the range of 113300-112600.
The target can be seen around the range of 114300-115000.
Ethereum can be positioned around the range of 3440-3400.
The target can be seen around the range of 3510-3550.
