12.24 Daily
The large pie started a downward trend from 88400, and after falling to 86800, it welcomed a short-term rebound.
From the hourly Bollinger Bands perspective, the opening is in a state of continuous expansion, driven by the ongoing release of bearish momentum. The upper band tilts downward along with the price decline, while the lower band accelerates its downward divergence due to the price's continuous plunge. The space between the bands continues to widen.
Since the price broke below the middle band, and the slope of the middle band continues to increase downward, the price has consistently operated below the middle band, indicating a complete lack of bullish support at the hourly level. The price continues to diverge downward after touching the lower band; the overall bearish expansion of the Bollinger Bands has not changed, and the effectiveness of the support at the lower band will continue to weaken as the bands move downwards.
Large pie 88000-89200 Range, watch 86200-85000
Second pie 3000-3050 Range, watch 2870-2810
