8.25 Midday Analysis
Reviewing the morning, the Bitcoin was oscillating in the range of 112100-113700, with both sides engaged in a balanced game within this range.
From the hourly Bollinger Bands perspective, the current channel is in an "expansion state", with the distance continuously widening, indicating a significant increase in short-term market volatility, and the divergence between both sides is gradually intensifying.
All three lines maintain a synchronous downward slope, and the downward pressure from the middle line is clear. The morning saw multiple attempts to test the upward pressure level of the middle line, but all were pressured back down due to insufficient buying volume.
Therefore
Bitcoin can revolve around 113100, 113700
Target can be seen around 112000-111400
Ethereum can revolve around 4750, 4800
Target can be seen around 4670-4620
