In the late afternoon, BTC fluctuated narrowly in the range of 114000-116000, with long and short forces in a stalemate. From the perspective of technical indicators, the Bollinger Bands on the hourly chart are all moving downwards simultaneously, indicating a short-term trend that leans towards adjustment, with long positions not yet recovering. However, the narrowing of the Bollinger Bands suggests that the oscillation pattern may soon break out. In terms of operation, one can go long near 114200, targeting a price level of 116200-117200.

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