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7.9 Morning Analysis
From the current perspective, Bitcoin is in a sideways movement on the daily chart, oscillating between the upper and middle bands. The prolonged tension has returned the market to a fluctuation pattern, and it has not formed an effective one-sided trend.
From the four-hour level, after the price reached the upper band of the Bollinger Bands, it experienced a pullback due to the pressure from above, but the support below is equally strong, and the price has been hovering near the middle band.
From the one-hour level, the market shows a trend of two consecutive bullish candles slowly rising. Currently, the body of the bullish candle is relatively small, and it is in a high-level consolidation. The KDJ and RSI indicators are all extending parallelly, and both sides have entered an intense competition stage.
Bitcoin 109000—109500🈳, looking down near 107500
Around 2640 for the second pancake 🈳️, looking down near 2600 #Btc #比特币