Analysis from the early morning of August 9
Reviewing the evening, the main cryptocurrency first experienced a wave of fluctuations. After touching the 117300 line, the momentum of the cryptocurrency weakened and subsequently returned to around 115800, entering a phase of range consolidation.
From the hourly Bollinger Bands perspective, the upper band maintains a horizontal running trend, indicating that the short-term pressure around 117300 is relatively clear, and the momentum for breaking upwards has not been sustained; the middle and lower bands show a slight downward tilt, reflecting that the short-term trend still carries a certain weak inertia, and the market sentiment has somewhat contracted after the fluctuations.
Therefore,
the main cryptocurrency can be positioned near the 115600-115000 range,
with a target around the 116800-117500 range.
The secondary cryptocurrency can be positioned near the 3920-3880 range,
with a target around the 4000-4050 range.
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