8.28 Early Morning Analysis
Reviewing the night, Bitcoin started its rally from the 110,900 line, and after touching 112,600, the momentum slowed down. DCoin was unable to sustain the upward trend 📈 and instead entered a phase of oscillation and consolidation.
From the hourly Bollinger Bands perspective, DCoin has effectively broken above the middle band and is currently stabilizing above it. It is gradually approaching the upper band. This indicates a shift in short-term market sentiment towards positivity. Although DCoin occupies a dominant advantage, the pressure from above cannot be overlooked.
Therefore,
Bitcoin can be focused around 113200, 114200
↓ looking at the 111000-110000 area
DCoin can be focused around 4680, 4760
↓ looking at the 4560-4480 area
