Analysis and trading suggestions for Deer Star on the morning of August 10.



According to the 1-hour candlestick chart, the current price of Bitcoin is below the middle band of the Bollinger Bands, indicating that short-term market bearish forces have a slight advantage, and the price is facing some downward pressure. The Bollinger Bands do not show obvious signs of expansion or contraction, remaining relatively stable, which means that market volatility is relatively stable in the short term, with no trend of sharp fluctuations.
Previously, the price once approached the upper band of the Bollinger Bands, indicating that the bulls made an effort, but they failed to effectively hold above the upper band, resulting in a subsequent pullback. Considering the current price position, both the bulls and bears are in a stalemate in the short term.

Operation Suggestions:
The pancake is hovering around 116200-115700. The target is aimed at: around 117200-117700.
The concubine is wobbling around 4160-4130. The target is looking towards 4280 - 4300 #Gate & WLFI USD1 积分计划 # .
SOL-5.87%
PI-5.78%
GT-3.03%
BTC-2.7%
ETH-0.49%
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