Odaily Planet Daily News: CryptoQuant analyst Axel Adler Jr analyzed in an article that the current market is experiencing a typical Bollinger Bands squeeze phenomenon, and the range between the upper and lower tracks has dropped to 7.7%, which is one of the lowest values in this bull market cycle. Analysts say that this decrease in volatility indicates that the market is accumulating energy and prices are ready to enter the upward phase. In an upward trend environment, the likelihood of an upward breakthrough is significantly higher. Axel pointed out that there have been six significant instances of Bollinger Bands squeezing during this bull market cycle. After four squeezes, there was an immediate increase in prices, while the other two experienced slight adjustments before recovering growth. Based on these experiences, the current squeeze state is likely to indicate another wave of upward momentum, although there may be slight consolidation before that.