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7.24 Afternoon Thoughts
From the hourly Bollinger Bands (BOLL) perspective, the asset has broken below the middle band support, and the three lines are currently extending horizontally in parallel, reflecting characteristics of short-term range consolidation.
After losing the middle track, the price is oscillating below it, indicating that the bearish forces are temporarily dominant in the short term.
Bitcoin operation strategy: pull back to around 116250-117150, look up to 119280
Concubine's operational idea: Pull back to around 3485-3530, looking up to 3620.