Last night, the price of Bitcoin fluctuated slightly between 117,800 and 118,500, with the range of ups and downs continuing to narrow, indicating a stalemate between buyers and sellers in the short-term market.
Observing the hourly Bollinger Bands indicator, its channel opening is gradually widening, suggesting an increased possibility of intensified price fluctuations in the short term. At the same time, the upper, middle, and lower bands of the Bollinger Bands are all maintaining an upward tilt, indicating that the short-term trend is still dominated by bullish forces, and overall market buying support remains decent, with the upward pattern still intact.
Operational Suggestions
For Bitcoin, buy around 117,000-116,500, targeting 118,800-119,000.
For Ethereum, buy around 4,490-4,470, targeting 4,540-4,570.
