7.23 BTC midday analysis:
The hourly Bollinger Bands are narrowing, showing a range-bound oscillation, and are brewing a directional breakout, requiring the market to make a clear choice. The price on the four-hour chart is relying on the upper band, with the three bands opening upwards, and the bullish trend has not changed.
Overall, in the short-term fluctuations, bulls are dominant. The focus should still be on the bulls in operations, and it is recommended to wait for pullback opportunities to enter the market, while also being cautious of the confirmation of breakout signals.
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