As the time approaches noon, Bitcoin Auntie continues to maintain its box structure operating within the range, with Bitcoin currently around 104,500, and Auntie around 2,515. We have already focused on the main ideas this morning, and the market progress is slow. As mentioned earlier, it has entered a downtrend, so Old Lv is also waiting patiently for the market to unfold.
From the four small structures, the K-line arrangement shows a sideways state, and the Bollinger Bands are showing signs of contraction. The market is still likely to oscillate downward within a small range. From the one-hour structure, the price ratio is operating in a wave structure around the mid-range, with the MACD energy bars showing no positive or negative growth trend. The current level indicates that market sentiment is very average. In summary, Bitcoin can still be traded high on dips.
Bitcoin is around 104,900, target 104,100.
Auntie is around 2,520, target 2,480.