Analysis at 7:29 AM

Looking back at the evening, the Bitcoin was under pressure from the 119100 line ↓, after hitting a low around 117800 it began to rebound.

From the hourly Bollinger bands perspective, the current upper band is showing an upward extension trend, while the middle band and lower band are both moving downward, forming an opening expansion pattern. This characteristic usually indicates that the market's short-term volatility is gradually increasing, and the competition may intensify.

During the process of looking back, Dian Wei oscillated around the ↓ track area for a time, indicating that there is a certain support strength in the ↓ direction.
Therefore
The pancake can be arranged around the range of 117800-117000.
The target is around the range of 119000-120000.
The two cakes can be arranged near the 3790-3750 range.
The target can be seen around the 3860-3900 range #以太坊重返3800 #加密总市值破4万亿美元