Friends, Brother Yang is here to talk about the afternoon Bitcoin (BTC) market trends. Currently, Bitcoin has returned to a healthy level on the 1-hour and 4-hour charts, and the daily level is also back to normal. It is expected to remain in consolidation throughout the day.

I just saw a major piece of news; a giant whale has opened a 40x leveraged long position in BTC, with a holding size of 400 BTC, and it is currently in a profitable state. These large buy orders are likely to support market confidence and drive subsequent trends.

From a technical analysis perspective, the Bollinger Bands on the 4-hour chart continue to narrow. Based on historical data, this pattern is usually accompanied by a directional breakout, and the probability of an upward breakout is higher than 60%. On the daily level, Bitcoin has retraced to the 53.8% Fibonacci level of its increase, which aligns with the need for a technical pullback. If it can stabilize at this level, there is a good chance to restart the upward trend.

Brother Yang gives everyone a trading guide: a pullback to around 113900 - 114350 can be considered for entry, targeting around 115100 - 116000. However, the market is currently in a volatile state, so there are still risks; everyone must operate cautiously! #BTC走势分析