9.6 Midday $BTC Analysis:

Bitcoin on the 4-hour chart, the middle band of the Bollinger Bands serves as the short-term dividing line for long and short positions, with the price fluctuating slightly around it. Currently, neither side has absolute dominance.

Overall, the market is in a stage of accumulation before a trend selection, and the direction of the breakout after the Bollinger Bands contract will often be the key to judging the subsequent trend. Before that, it is highly likely to continue the range-bound oscillation characteristics. If the support at 110000 below the big coin remains unbroken, we will continue to maintain an upward outlook.

Operation suggestion:

Bitcoin can be positioned long in the 110000-110400 range, targeting upward at 111500-112500. #加密市场回调