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#稳定币监管风暴 01928374646565748392017.23 Mengzhou Mengzhou midday ideas and suggestions
While listening to the crosstalk, my neighbor was laughing so hard he was slapping his thigh, but I was distracted by the arc of the actor's hand—this rise and fall was so reminiscent of the K-line trend from yesterday. When the show ended, my friend asked if it was funny, and I was taken aback, my mind only filled with whether that support level I had just been thinking about had broken or not.
The market this morning failed to maintain momentum above 120000 and instead experienced a pullback.
Looking at the 1-hour chart, the recent price has risen first and then fallen. It surged quite impressively before, breaking the middle track of the Bollinger Bands and even reaching near the upper track; at that time, the bullish momentum was indeed noticeable. However, the bears then exerted their strength, causing the price to drop quickly, and it is now below the middle track. The Bollinger Bands are showing signs of narrowing, so the fluctuations may converge a bit in the near future.
The trading volume also reveals some insights: when the price rises, the trading volume significantly increases, indicating high market participation at that time; however, when it falls, the volume remains stable, suggesting that selling pressure is not as concentrated.
Short-term suggestion: Bitcoin aims for a short target around 117000, within the range of 118600-118800.