The daily Bollinger Bands are gradually tightening. Based on historical trends, after the tightening, a breakout is inevitable.

Currently, BTC is still maintaining a daily upper track oscillation. This week, pay attention to the support and rebound situation around 95,000. Whether the price stays above this level has a profound impact on the current market risk appetite.

Of course, if this support is broken, I personally expect altcoins to follow suit on a small scale. As long as the daily trend is not broken, altcoins will still maintain a certain level of activity before Christmas.

As of the eve of Christmas, the depth of the current daily range correction is around 90,000. If there are significant negative factors, then this reference can be ignored.

The daily Bollinger Bands are transitioning to a tightening phase. During this phase, the range will continue to oscillate, making certain adjustments to the overall price structure and repairing it. Currently, the range is 11,000 points. Based on historical trends over the past year, excluding major positive stimuli, the range still needs to tighten.

Pay attention to two ranges: if the daily range tightens to 6,000-8,000 points, a breakout either upwards or downwards can be regarded as a short-term rebound or a deepening of the correction. If the daily range tightens to 4,000-6,000, then a larger breakout may occur, including upward and downward breakouts.