8.1 Evening Bitcoin Aunt Market Analysis

In the afternoon, the market continued its range consolidation, with Bitcoin fluctuating in a narrow range between 114000 - 116000, as bulls and bears remained locked in a stalemate. The Bollinger Bands on the hourly chart are trending downwards simultaneously, indicating that the short-term trend is still leaning towards adjustment, and bullish momentum has not shown signs of recovery. However, the narrowing of the Bollinger Bands suggests that a breakout from the consolidation pattern is nearing.

Bitcoin can be bought around: 114200, with a target of 116200-117200.

Aunt can be bought around: 3575 - 3550, with a target of 3650 - 3700. $BTC $ETH $XRP