Analysis at 8.2 AM

Looking back at the evening market, Bitcoin first surged to the 115,900 level, then quickly fell back to 113,900, followed by a rapid rebound to around 115,800. The wash trading actions are particularly evident, aiming to clear short-term floating chips.

From the hourly Bollinger Bands perspective, the three lines are gradually narrowing and converging, indicating that the market's short-term volatility is continuously converging, and the market is entering a consolidation phase. Meanwhile, Dian Wei has gradually moved away from the lower support trend line and is approaching the middle trend line area. Technical signals suggest that bullish momentum is slowly accumulating, with short-term momentum leaning towards repair and warming up.
Therefore
The large pie can be arranged near the range of 115000-114300.
The target is around the range of 116200-117200.
The second pancake can be arranged near the 3580-3540 range.
The target can be seen near the range of 3670-3720.
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