TRX has recently entered a triangular fluctuation pattern, with the market waiting for a directional breakthrough. The Bollinger Bands are sharply narrowing, presenting a technical formation similar to a bow ready to be released, and the trading volume has clearly shrunk, which is often a sign of a significant fluctuation ahead.

The latest market dynamics show that the newly launched USDC mining pool of JustLend DAO has attracted approximately 80 million USDC in funds, and there are reports that Sun Yuchen's wallet transferred in 140 million TRX. Meanwhile, Bitcoin is hovering around the 70,000 USD mark, and market participants are generally taking a wait-and-see approach ahead of the Federal Reserve's policy decision.

Technical analysis shows that the 0.2955 area has become a resistance zone that bulls find difficult to overcome, with the position displaying long upper shadows three times: a high followed by a pullback on June 12 caused the bulls to be liquidated; a pin bar formation appeared on June 16, followed by a decline of over 3% within an hour; and on June 19, a false breakout occurred under the condition of a significant decrease in Trading Volume. This area has accumulated a large number of stop-loss orders from short positions.

The Bollinger Bands have narrowed to the 30-day extreme, and historical patterns indicate that a one-sided market may occur within 72 hours. Currently, the middle line of the Bollinger Bands at 0.2660 has become a key line of life and death — if it stabilizes, there is hope for an upward breakout; if it breaks, it may fill the gap at 0.258.

The trading volume analysis indicates that the current volume is in a sluggish state, and a trend change signal may appear at any time: if the trading volume surges by 300% and breaks through 0.2955, it will release a bullish signal; if the volume breaks through the middle track, it will indicate a bearish signal.

Operation strategy suggestion: If the total locked amount of JustLend breaks 500 million and Bitcoin returns above 70,500 USD, consider light positioning in the range of 0.2670-0.2690. After breaking 0.2850, appropriately chase the rise with a target of 0.302. In case of adverse news or a market decline, consider shorting after breaking below the middle track of the Bollinger Bands, and re-establish long positions at 0.258.

It is worth noting that the current narrow fluctuation pattern of TRX is similar to that of last November, when failing to stop loss in time led to significant losses. The market changes rapidly, and risk control is always the primary consideration.