Midnight Market Observation:


Bitcoin continued its independent trend during the noon period, with the price fluctuating upward from around 116300, reaching about 117900 at one point. From the hourly chart perspective, the Bollinger Bands are in a sideways state, with the three lines flattening out, indicating that the short-term battle between bulls and bears is gradually approaching balance; however, the price has been gradually rising from the lower band position and has broken through the middle band, signaling a short-term strengthening of momentum from a technical perspective.

Operation Reference:
Currently in a consolidation range, if the box support is not broken —

- Consider going long on Bitcoin around 116200-116600, with a target towards 117700-118200.
- If the price approaches around 118200, you can try to short with a small position, targeting around 116800-116400. #BTC# #ETH#
BTC-4.1%
ETH-5.38%
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