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On Friday, the Whale sold off, and the trend continued to weaken, stopping at around 114600. Subsequently, the market maker supported and pumped it back to 119800. The overall trend has returned to the high end of the fluctuation range. Currently, the low and high points are parallel, and the daily Bollinger Bands are synchronously narrowing. If the parallel high point breaks, it will test the upper band of the daily Bollinger Bands. If it does not break, it will go through another round of parallel range. Therefore, under the pressure, it can be pumped, but if it breaks, it will reverse north. The possibility of the daily Bollinger Bands first narrowing and then moving within the Bollinger Bands range is relatively high. The middle band of the Bollinger Bands has also extended to yesterday's low point. As long as it breaks, it can continue further. In summary, it is still not a strong structure, and the high point can still be pumped.
In the afternoon, focus around 119400 to 119700, defend 119950. The target for the short band is 117800, around the band 116200. The small long band is around 114400. #btc# #区块链# #ETH#