8.26 Early Morning Analysis
Reviewing the evening, the overall trend of Bitcoin oscillated within the range of 110500-112600, with a calm rhythm of speculation.
From the hourly Bollinger Bands perspective, the current channel is horizontally flat, indicating that the short-term market speculation power is in a relatively balanced state, lacking clear trend momentum, and is in an oscillation accumulation phase. During the evening, Dian Wei (a character or term used here) broke the middle track upwards, this upward break indicates a phase release of short-term momentum, temporarily breaking the weak equilibrium pattern within the range.
Therefore
Bitcoin can be focused around 113000, 113700
↓ looking at the area around 112000-111200
Ethereum can be focused around 4660, 4720
↓ looking at the area around 4560-4500
