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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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8.15 Midnight Thoughts
From the hourly Bollinger Bands, both the middle and lower bands are steeply sloping downward, indicating that short-term trends are still dominated by bearish forces, and the support level below is weakening as the indicators decline. However, the upper band is diverging upward, which means the price volatility is expanding, and the divergence of opinions between bulls and bears in the market is also starting to increase.
This pattern of "lower band going down and upper band going up" indicates that the short-term bearish trend has not completely changed, but the selling pressure below has shown signs of easing after being quickly released—especially after the price quickly rebounded around 117400, which coincided with technical buying entering at the lower band position, indicating that this area indeed has a supporting effect in the short term.
Bitcoin operation strategy: Pullback to around 116980-117650, looking up to around 118650.
Auntie's trading strategy: pullback around 4445-4475, looking up towards 4780.