Odaily Planet Daily News CryptoQuant analyst Axel Adler Jr published an analysis that the current market is experiencing a typical Bollinger Band squeeze phenomenon, and the range between the upper and lower rails has dropped to 7.7%, which is one of the lowest values in this bull market cycle. Analysts said that this decline in volatility shows that the market is accumulating energy and prices are ready to enter the pull-up phase. In an upward trend environment, the possibility of an upward breakthrough is significantly higher. Axel pointed out that there have been six obvious Bollinger Band squeezes in this bull market cycle. Four of the squeezes were immediately followed by price growth, and the other two experienced slight adjustments before resuming growth. Based on these experiences, the current squeeze state is likely to herald another wave of upward impulse, although there may be a small consolidation before that.