Five - No Closing, U in Progress

From the four-hour line, the current Bitcoin price is operating below the middle track of the Bollinger Bands, with the short-term focus somewhat shifting downwards. Structurally, the upper level of 95,500 forms strong resistance; if the subsequent rebound cannot reestablish itself above the middle track at around 94,500, the market will face continued weakening.

Currently, the Bollinger channel is maintaining a horizontal running state, with the distance between the upper and lower tracks continuously narrowing, indicating that market volatility is in a buildup phase. Attention should be focused on whether an effective breakthrough can be formed at the upper track resistance level. The overall structure remains biased towards fluctuation, and the Bollinger Bands are gradually closing, with both bulls and bears in a standoff, facing a short-term directional choice.

Bitcoin is around 95,100 🈳, looking at 93,000 $BTC $ETH $SOL .