10.31 Evening Analysis
The major coin can be around 109200, 108700
↑Look at 110500-111000
The secondary coin can be around 3780-3740
↑Look at 3890-3950
Reviewing the afternoon, the major coin oscillated in the range of 109100-110500.
From the hourly Bollinger Bands perspective, the three lines have shown signs of upward divergence, which is a typical characteristic of short-term bullish momentum gradually accumulating and the trend leaning towards strong consolidation, indicating that the market's bullish sentiment is slowly warming up.
Meanwhile, the center of the minor coin continues to shift upward, gradually approaching the upper track, currently running near the upper edge of the channel; at the same time, the minor coin remains stable above the middle track, which has transformed into a short-term effective support, forming a "support shifting upward, minor coin approaching the track" bullish technical structure. $BTC