In the current cryptocurrency market, Bitcoin's trend is stuck in a small range of fluctuations, with both bulls and bears engaged in a tug-of-war within a limited price space. The range of price fluctuations continues to narrow, and each rally and pullback has failed to create an effective breakthrough.
On the technical side, the four-hour chart shows a significant contraction pattern in the Bollinger Bands, which often signals that the market is about to experience violent fluctuations.
This narrow range of oscillation combined with the four-hour contraction signifies both risk and opportunity. Once one side successfully breaks this balance, the market may experience rapid and substantial volatility.
