8.6 Afternoon BTC Analysis
Currently, from the chart perspective, the market has entered a 4-hour level of consolidation phase. The price is oscillating between the middle and lower bands of the Bollinger Bands, forming a clear range of fluctuation. The middle band has become a strong resistance level, and the price has tried several times to break through but fell back each time due to insufficient strength. However, the support below is decent; each time the price retraces, it stabilizes near the lower band, and the support level is gradually rising. This afternoon, let's see if the bulls can break through.
