Blockchain 8.15 Morning Thoughts

From the hourly Bollinger Bands, the middle band and upper band have consistently maintained a downward trend, and the middle band has effectively suppressed prices. This indicates that the short-term bearish trend has not completely changed, the strength of the bulls' rebound is insufficient, and the rebound space has also been temporarily compressed.

However, the lower band has shown slight upward turning and signs of divergence, which contrasts with the downward trends of the upper and middle bands. This indicates that the support level around 117500 is starting to take effect, and after a continuous decline, the strength of the bears has weakened, while the buying power at lower levels is gradually gathering, resulting in a slight strengthening of short-term support.
Bitcoin trading strategy: 117830-118360 range, looking up at 119550-120500, with a defense at 117500.
Concubine's operation strategy: 4530-4565, aiming for 4700-4760, with a defense at 4500.