TechFlow news, July 8 — According to an analysis posted by CryptoQuant analyst Axel Adler Jr., the current market is experiencing a typical Bollinger Band squeeze, with the range between the upper and lower bands dropping to 7.7%, one of the lowest levels in this bull cycle. The analyst noted that this decline in volatility indicates the market is building up energy and that prices are poised to enter an upward phase. In a rising trend environment, the probability of an upward breakout is significantly higher.
Axel pointed out that there have already been six notable Bollinger Band squeezes during this bull cycle. Four of them were immediately followed by price increases, while the other two saw minor corrections before resuming growth. Based on this historical pattern, the current squeeze likely signals another upcoming surge, although a slight consolidation may occur beforehand.
