#美7月PPI年率高于预期# #Gate Alpha巅峰交易赛# #以太坊ETF突破300亿美元#



Bitcoin fluctuated within a narrow range of 117,000 to 117,800 yesterday, with overall volatility limited and lacking the significant directional breakthroughs previously common. The range of fluctuations has noticeably narrowed, and the market is showing a "wait-and-see" attitude. The Bollinger Bands on the hourly chart continue to contract, with the distance between the upper and lower bands gradually tightening. This formation clearly indicates that the forces of bulls and bears are temporarily balanced, creating a certain "tacit agreement" that lacks sufficient momentum to break the stalemate, leaving the overall state in a wait-and-see mode. Currently, the price is stuck in a tight range, lacking significant movements, but in the short term, the bulls still maintain a relative advantage. The potential upward momentum has not completely dissipated; it is just temporarily suppressed by the narrow fluctuation pattern. The market is alternating between small downward and upward movements, with neither side forming a strong one-sided trend. The market is currently in a phase of mutual tug-of-war between bulls and bears, and the overall trend continues to oscillate within the range. In terms of operations, we still maintain a strategy of high short and low long.
SOL-2.5%
DOGE-3.03%
GT4.2%
BTC-0.75%
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BullAndBearBattlevip
· 08-17 02:20
Hold on tight, we are taking off soon To da moon 🛫
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