9.9 Morning Analysis
Looking back at the night, the Bitcoin has shown a clear downward trend, gradually dropping from the 112900 line to around 111400, indicating that the momentum of the K-line is temporarily dominant.
From the hourly Bollinger Bands perspective, the previously "trumpet-shaped" opening has significantly converged, with the bands gradually narrowing, indicating that short-term market volatility has significantly decreased. However, Dian Wei has completed a downward breakout from near the upper band to the middle band.
Therefore
Bitcoin can be expected to range around 112100, 112600
with a downward view towards 111000-110400.
Ethereum can be expected to range around 4350, 4400
with a downward view towards 4250-4200.
