Analysis at 8:24 AM
Looking back at the day, the Bitcoin shows a downward oscillation trend. Dian Wei returned to Luo from 116100, touching down to 114500 before entering a consolidation phase, with a narrowing short-term volatility.
Observing the Bollinger Bands on an hourly level, the current channel remains flat, and the distance between the three lines has not shown significant expansion, indicating that short-term volatility forces are tending to balance. Dian Wei is operating between the middle band and the lower band, and has not effectively broken through the middle band pressure. Although short-term sentiment slightly dominates, the lower band has formed short-term support.
Therefore
Bitcoin can be focused around 114500, 114000
The target can be seen around 115600-116200
Second Bitcoin can be focused around 4710, 4650
The target can be seen around 4800-4880
