After refreshing the historical high in the early morning, the market continued its strong momentum, with the cryptocurrency price breaking new highs again, reaching 117376. The two strong upward movements during the day accumulated an increase of 6000 points, further igniting bullish sentiment and opening up the upward channel.

From the hourly chart, Bitcoin has strongly broken through the upper Bollinger Band resistance, causing the middle and upper bands to rise simultaneously. After recovering from a bullish candlestick with a long upper shadow, the price has experienced a slight pullback, and bullish momentum is gradually slowing down.

The four-hour cycle shows a one-sided three consecutive bullish candlestick pattern, but the bullish candlestick has a long upper shadow, allowing for about 5000 points of space. Currently, bearish pressure is starting to gain strength, and a pullback is expected in the future. It is advised to always pay attention to market changes and maintain operations in the direction of the trend.

For morning trades, it is recommended to buy between 115400-115000, with a focus on 117500.