Yesterday’s trading range was relatively small. The difference between the highest and lowest points was only a few hundred points, so without fundamental support over the weekend, the price action is more likely to be choppy and range-bound. However, this is Saturday—Sunday is different. The intraday volatility on Sunday is much larger than on Saturday, and can be about twice as much. Especially in the evening, Sunday night is prone to small unilateral continuation. So during the day, we can first look for consolidation, while in the evening we look for continuation.

From the daily candlestick structure, Monday through Wednesday saw three consecutive bullish sessions trending upward, and then from Thursday through Saturday there was corrective consolidation. After Thursday, the range each day kept getting smaller and smaller. Below the daily timeframe level, the bollinger bands (boll) have been contracting continuously to the extreme, which indicates that one side must break out. Watch support at 769 below, and resistance at 790 above. Whichever side breaks can continue. Judging from market sentiment and the trend structure, the probability of upside is higher. The lows are more appropriate.

Around 77100, keep an eye on it. If it breaks below 790, then look around 8.05 at #加密市场行情震荡 .