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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Market recovery phase: BTC price touches the lower band of the Bollinger Bands, with sellers dominating in derivation.
On August 31, Block Rhythm reported that an analyst from a data analysis platform stated that the market has been in a "repair" phase over the past week, with macro data and yields suppressing risk appetite. The derivation indicates that sellers are dominant, the on-chain background is neutral to weak, and the Bitcoin price has been suppressed to the lower band of the Bollinger Bands.