8.13 Morning Analysis
Reviewing the night, the overall Bitcoin showed a narrow oscillation trend in the range of 119100-120300, with both parties in a relatively balanced game within this range, and no obvious directional breakout occurred.
From the hourly Bollinger Bands, the current channel is showing a gradual expansion characteristic, which indicates that the short-term market dynamics are likely to further open up.
Previously, the price continuously adhered closely to the upper band, reflecting that short-term bullish momentum had dominated, and there was a certain suppressive force near the upper band. As market conditions progressed, the price has gradually returned to the middle band, indicating that the bullish momentum is contracting and accumulating strength.
Therefore,
Bitcoin can oscillate in the range of 119000-118300
Target can be seen in the range of 120000-121000
Ethereum can oscillate in the range of 4550-4510
First target can be seen in the range of 4640-4720
Second target 4800
