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7.9 Midnight BTC ETH Market Analysis


The hourly Bollinger Bands are converging, indicating that the recent volatility of Dian Wei's fluctuations is continuously narrowing. The market is currently in a stage of energy accumulation for rebalancing. Dian Wei has been pressured back down from the upper Bollinger Band to near the middle band. This process reflects both the suppression of short-term fluctuations by the upper band and the initial support role currently being exhibited by the middle band.

But note the news from the meeting at two o'clock in the morning. Pay attention to the 109200 position in the short term.
BTC can be distributed around the range of 109700-110400.
The target can be seen around the range of 107200-105100.

Two cakes can be arranged near the range of 2700-2725.
The target is around the 2540-2500 range.
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