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Details: ht
#数字货币领域调整# Bitcoin has entered a narrow range of fluctuations around $109,000 this afternoon. From a Technical Analysis perspective, the Bollinger Bands have clearly narrowed on the 1-hour time frame, and this volatility compression phenomenon is usually a precursor to a directional breakout in the market, while also reflecting the technical correction process of the recent weak trend.
The market currently shows positive signs: prices are gradually moving away from the lower Bollinger Band and approaching the middle band, while the lower Bollinger Band itself has also begun to show an upward expansion trend. These two technical indicators jointly suggest that the market's support strength is gradually increasing in the short-term time frame, creating favorable conditions for the re-gathering of bullish forces.
Trading Strategy Reference:
Bitcoin: It is recommended to enter at 108700, with a target range of 109000-112000, and a stop-loss point set at 107400.
Ethereum: It is recommended to enter at 3870, with a target range of 3950-4150, and a stop-loss set at 3750.
$BTC