Midday analysis on August 6
In the morning session, it looks like Bitcoin's fluctuation range has narrowed quite a bit, with the market basically hovering around 113200, showing no clear direction for now.
On the hourly chart, the Bollinger Bands are slightly moving downwards, indicating a soft short-term rhythm. The price is fluctuating around the middle band, with bulls and bears still contesting, and no clear winner has emerged.
Here's a reference for operation: You can try going long around 112500 for Bitcoin, look to 114200; for Ethereum, pay attention to long opportunities near 352
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