Analysis on the Early Morning of August 10

The Bitcoin shows a fluctuating downward trend, retreating from a high of 117900 to consolidate around the 116600 level. The hourly Bollinger Bands have three lines extending horizontally, indicating a short-term market range fluctuation, with a balance of long and short forces, and narrowing volatility.

After a brief breakout above the upper band, it fell back to the middle band, confirming the selling pressure around 118000 and support at the middle band.

In terms of operations, Bitcoin can be bought in the range of 116200-115700, targeting 117200-117800; the second Bitcoin can be bought in the range of 4170-4120, targeting 4280-4360. $BTC $ETH #ETH突破4000