At noon, after a period of adjustment, the pancake broke out of its previous range and slowly rose to the position of 120500. Overall, today shows a relatively strong trend.

From the hourly chart, the Bollinger Bands have clearly widened, and all three lines are turning upwards, indicating that the range of short-term price fluctuations has increased, making the upward trend more stable.

Because the Bollinger Bands are opening upwards and all three lines are moving upwards together, the buying sentiment in the market is dominant, making it more likely for the price to move near the upper band of the Bollinger Bands.

Trading suggestion:

BTC: Buy on dips in the range of 119000-119500, targeting around 122000.