#BTC再创新高 $BTC Currently, on the four-hour chart, after the market has recorded six consecutive bullish candles and reached a high, the bullish momentum has naturally weakened due to the fading trading atmosphere over the weekend. The price has entered a pullback phase as expected. Currently, the price has retraced to the upper-middle range of the Bollinger Bands, but the upward-opening shape of the Bollinger Bands remains unchanged, overall still firmly positioned within the upward channel. The short-term pullback resembles a healthy correction on the way up, and there is no need to overly worry about a trend reversal.

Looking at the one-hour level, when the market is oscillating downwards testing the lower band of the Bollinger Bands, it has encountered three consecutive attempts that failed to break through effectively, and the Bollinger Bands are gradually narrowing and flattening. This situation clearly conveys that the current pullback is limited in strength, and the foundation of the larger trend remains intact. Overall, the short-term consolidation appears to be a buildup of strength for subsequent upward movements. As long as the key support level holds, the bullish attack rhythm will not be interrupted; one should patiently wait for the entry signal after the pullback is complete.

In terms of operation, the main approach of 'buying on dips' can still be extended:

For Bitcoin, one can look for support opportunities in the range of 116500-117000, with an upward target near 118000;

For Ethereum, one can pay attention to the low-buy window around 2910-2925, with the upper target aimed at the 3000 mark.