The weak rebound of Bitcoin over the weekend has emerged, and last week's pullback directly liquidated one-third of the long liquidity, which has put Bitcoin in a relatively balanced state.
From the current market perspective, Bitcoin is showing characteristics of a continuous rebound, and the momentum is continuously releasing.
From the 4-hour cycle perspective, the price has broken through the upper Bollinger Band resistance, and the mid-band area has formed a strong support pattern. The subsequent layout can rely on this key support level, and the upward space is expected to gradually open up.
