From the daily chart perspective, the market shows a downward trend, having fallen below all moving averages and continuing to retreat towards the middle and lower bands of the Bollinger Bands.
Among them, the 5-day moving average and the 10-day moving average remain relatively flat and extend parallel.
In the four-hour chart, the Bollinger Bands are expanding, and the market is currently operating below the middle band of the Bollinger Bands, with a tendency to break further towards the lower band.
1. The midday large coin is under pressure near 97000, with an expected target range of 96000 - 95500.
2. The Auntie coin is encountering selling pressure near 3720, with an expected target range of 3660 - 3640.
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