8.27 Early Morning Analysis
Reviewing the evening, the major cryptocurrency oscillated within the range of 109300-110800, with the overall trading being in a relatively balanced state.
From the hourly Bollinger Bands, it shows a "narrowing channel" pattern, with the three lines parallel and extending horizontally, indicating that the short-term volatility is continuously converging.
Dian Wei briefly broke above the middle line, but during the upward attack, it lacked volume support, leading to a rapid decline in momentum; subsequently, it encountered strong resistance at the upper band, ultimately returning to the lower side of the middle line. This confirms the validity of the upper band as a pressure point and reflects the insufficient short-term upward momentum.
Therefore
The major cryptocurrency can revolve around 110400, 111000
↓ looking at the area around 109000-108300
The secondary cryptocurrency can revolve around 4570, 4620
↓ looking at the area around 4460-4380
