12.24 Evening
Bitcoin is showing a consolidation pattern within the range of 87900-86600.
From the hourly Bollinger Bands perspective, the three lines are moving horizontally in parallel, forming a standard fluctuation channel, with the bandwidth continuously narrowing, indicating that market volatility is diminishing, and the forces of both bulls and bears are tending towards a temporary equilibrium.
The points rebounded after touching the lower track, showing effective short-term support, but the rebound near the middle track did not break through, indicating that the middle track constitutes strong resistance, showing that bullish strength is obviously insufficient to push the points into a strong zone.
Bitcoin 87900-88700 range, look at 86300-85600
Second coin 2970-3040 range, look at 2870-2820
