Daily Level

The current price of Bitcoin is operating in the upper Bollinger Band region. After reaching a high of 123300, it entered a range-bound consolidation phase. The candlesticks continue to show upper and lower shadows, with alternating bullish and bearish candles, indicating active competition between buyers and sellers but no break in balance. This trend reflects strong market momentum, continuously releasing trading opportunities during the consolidation process, and is overall still in a strong consolidation state.

Four-Hour Level

The market is stable in the upper Bollinger Band region. Although there was a short-term pullback due to encountering resistance at higher levels, the support below is strong, limiting the extent of the pullback. The three Bollinger Bands are exhibiting an upward opening formation, which clearly verifies the dominant position of the bullish trend, and the pullback can be seen as a technical adjustment within a strong trend.

Hourly Level

Prices are consistently operating in the upper Bollinger Band region, frequently testing the upper resistance level, indicating strong bullish intent. The three Bollinger Bands are diverging upwards under the influence of bullish momentum, showing good short-term momentum continuity, which provides support for trend extension.