$BTC From the perspective of four-hour technical analysis, the current market shows a stepwise downward trend. After breaking below the middle line of the Bollinger Bands, two consecutive bullish candles have formed a technical rebound. Meanwhile, the Bollinger Bands are gradually narrowing, indicating that the market's volatility space is continuing to tighten. The three lines of the KDJ indicator are tending to converge, while the three lines of the RSI indicator are extending parallel, suggesting that both bulls and bears are engaged in intense competition, with no clear winner yet.

Looking at the one-hour level, the candlestick pattern shows an alternating sequence of small bearish and bullish candles, with prices oscillating around the middle line of the Bollinger Bands. Both bulls and bears have not been able to effectively break through key resistance or support levels in the short term, leading to a stalemate. #BTC #ETH