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#币安HODLer空投WAL Morning market analysis today
The BTC price may look for support around 114200 and 113600.
The upward target range is 115600-116300
The ETH price may find support in the 4180 and 4140 area.
The upward target range is 4280-4340.
Looking back at last night's market, BTC started to rise from the 114100 area, reaching a high of around 115800 before entering a consolidation phase.
From the hourly Bollinger Bands analysis, the current three bands are running parallel horizontally, but the lower band is steadily moving upward, providing solid upward support for the short-term market; the price pulling back after reaching the upper band is not a signal of exhausted momentum. During the pullback, the trading volume rapidly decreased, indicating very light selling pressure, and the price has consistently remained above the middle band, further confirming that the short-term market is in a consolidation phase dominated by bulls.