Evening Analysis

The midday Bitcoin is in a narrow range of 114100-114800, with short-term long and short positions in a tug-of-war.

On the hourly level, the three lines of the Bollinger Bands are synchronously sloping downwards, indicating that it is still biased towards the long side in the short term; however, the opening of the band is narrowing, bandwidth is contracting, and volatility is decreasing, leading to a temporary balance of long and short forces, lacking clear breakout momentum.

It is recommended to set up long positions for Bitcoin in the range of 113800-113000, targeting 115000-116200;

For the second Bitcoin, set up positions in the range of 3520-3480, targeting 3620-3680.$BTC $ETH #加密市场反弹