From a 4-hour perspective, Bitcoin shows a clear and robust bullish accumulation pattern. Despite increased volatility in the short term, where the price has encountered resistance and retreated multiple times during its upward attempts, it is worth noting that the lows during the pullback are continuously rising. The key support area below remains rock-solid and has not been effectively breached by bears, fully reflecting the market's strong absorption capability during the adjustment phase.
The current price is steadily operating above the middle band of the Bollinger Bands, which are overall showing a converging upward pattern. This technical structure suggests that the oscillating consolidation rhythm is gradually leaning towards the bullish side, with bullish forces in a phase of active accumulation. Operation Suggestions Bullish near 87600-88100, target around 89600--90100. Expecting bullish near 2970-3000, target around 3170-3200 $BTC $ETH
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Morning Analysis
From a 4-hour perspective, Bitcoin shows a clear and robust bullish accumulation pattern. Despite increased volatility in the short term, where the price has encountered resistance and retreated multiple times during its upward attempts, it is worth noting that the lows during the pullback are continuously rising. The key support area below remains rock-solid and has not been effectively breached by bears, fully reflecting the market's strong absorption capability during the adjustment phase.
The current price is steadily operating above the middle band of the Bollinger Bands, which are overall showing a converging upward pattern. This technical structure suggests that the oscillating consolidation rhythm is gradually leaning towards the bullish side, with bullish forces in a phase of active accumulation.
Operation Suggestions
Bullish near 87600-88100, target around 89600--90100.
Expecting bullish near 2970-3000, target around 3170-3200 $BTC $ETH