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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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Market Review: #加密市场回调
This evening's market shows that the Bitcoin price is fluctuating slightly within the range of $107,500 to $108,600, with a temporary balance between bullish and bearish forces. Analyzing the hourly Bollinger Bands indicator, it can be observed that the bands are gradually showing a divergence trend, with signs of widening. The price is mainly running below the middle band and is continuously oscillating between the middle band and the lower band, but has not made any further downward moves, indicating that the support area below remains solid and effective.
Market Outlook:
Bitcoin: Expected to find support in the range of $106,200 - $106,800. If it breaks upward, target attention on the range of $107,800 - $108,500.
Ethereum: The support range is around 3740-3780 USD. If it can break through the current resistance, the upward target area is 3870-3950 USD.
$BTC $ETH