The Bollinger Bands of BTC are currently tightening. Starting from the spot ETF application in June, the Bollinger Bands have rapidly expanded to the recent sideways fluctuations for nearly a month. The Bollinger Bands have been gradually tightening.
Based on past cycles, there may be a certain trend in the near future.
Of course, everyone should not be overly optimistic or pessimistic. Overall, according to technology, the current strong support for the market is around 27000-27500 below.
It should be noted that the current options contract expiring at the end of August has a short target of 27,000 and a bullish target of 32,000. If the market remains near 30,000, both longs and shorts may be closed at expiration!
#BTC
Based on past cycles, there may be a certain trend in the near future.
Of course, everyone should not be overly optimistic or pessimistic. Overall, according to technology, the current strong support for the market is around 27000-27500 below.
It should be noted that the current options contract expiring at the end of August has a short target of 27,000 and a bullish target of 32,000. If the market remains near 30,000, both longs and shorts may be closed at expiration!
#BTC