8.15 Afternoon Analysis

Reviewing the morning, there was a narrow range fluctuation in the 117900-119000 range, overall maintaining a horizontal consolidation trend.

From the hourly Bollinger Bands perspective, the current middle band and lower band are still showing a downward inclination, indicating that the short-term ↓ trend has not completely reversed.

However, the lower band has shown signs of turning upwards and diverging, forming initial support. At the same time, the channel continues to narrow, with the opening closing, indicating that the short-term speculation trend is becoming calmer, and the volatility of the market has decreased.

Recommendations

Bitcoin: Trade around 118400-117400, with a target around 119800-121800.

Ethereum can be traded around the 4560-4620 range, with a target around 4700-4780. #加密市场回调 $