10.10 Yufu Morning BTC Analysis:

Currently, BTC is in a narrow range of fluctuations around the 121400 point, with short-term volatility converging, but hiding an upward oscillation trend. In the Bollinger Bands indicator, the middle band forms a phase resistance against the current price; the upper band is turning upwards, weakening the short-term sharp decline momentum; the lower band provides strong support, with a clear short-term support logic.
If the bullish volume is accompanied by effective trading volume to break through the middle band of the Bollinger Bands, the rebound space is expected to expand to the range of 122500 - 123000. Conversely, if the price is under pressure and falls below the key support level of 120000, the market may return to a weak consolidation phase.
Suggested BTC: Establish long positions in the range of 109800 - 120700, with a target looking at 123500 - 124500.