Market analysis for the evening of October 31



Bitcoin can be arranged around the levels of 109200 and 108700, with a target towards the range of 110500-111000.
The second contract can be arranged around the 3780-3740 area for a layout, with the target looking towards the 3890-3950 range.

Looking back at the afternoon trend, Bitcoin has been fluctuating between the 109100-110500 range. From the hourly Bollinger Bands perspective, the three lines have shown an initial upward divergence, which is a typical signal of short-term bullish momentum gradually accumulating and the market leaning towards a strong consolidation, indicating that market bullish sentiment is slowly warming up.

In addition, the price center of gravity continues to rise, gradually approaching the upper band of the Bollinger Bands, and is currently running near the upper edge of the band; at the same time, the price has consistently remained above the middle band of the Bollinger Bands, which has now converted into a short-term effective support level, forming a bullish technical structure of "support moving up and price sticking to the band." #比特币行情分析
ETH-0,92%
BTC-0,23%
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