From the Bollinger Band (BOLL) indicators and candlestick patterns of the 1-hour and 4-hour periods, Bitcoin (BTC) has recently shown a trend dominated by bulls and accelerated breakthroughs. The technical aspect is already equipped with the momentum to challenge historical highs:
1. 1-hour period: Breaking through the upper Bollinger Band, short-term momentum explosion
- Bollinger Band parameters: BOLL(20,2,0), middle track (MID) 121,735, upper track (UP) 124,337, lower track (LOW) 119,133.
- Price performance: BTC reached a high of 124,474, breaking through the upper resistance, and the candlesticks continuously closed positively, forming a 'short squeeze' rally.
- Capital cooperation: Daily net inflow reached $98.82 million, trading volume expanded to $2.965 billion, volume-price resonance strengthens bullish confidence. (Logic: The upper Bollinger Band is a strong short-term resistance level, and if it stabilizes after breaking through, it usually indicates a continuation of the short-term trend, even accelerating upward.)
2. 4-hour period: Trend reversal established, mid-term upside opened
- Bollinger Band parameters: BOLL(20,2,0), middle track (MID) 120,371, upper track (UP) 123,307, lower track (LOW) 117,434.
- Price performance: BTC broke through the 4-hour upper track (123,307), and the previous bottom (early August low of 111,920) to the current high point formed a complete 'bottom lift → trend reversal → accelerated breakthrough' rhythm.
- Significance of the pattern: The middle track of the 4-hour level continues to rise, and the price consistently runs above the middle track, indicating that the mid-term bullish trend has been established, and breaking through the upper track is a signal of trend strengthening.
3. The core logic of 'creating historical highs': Technical + Capital resonance
1. Continuity of technical breakthroughs:
From 15 minutes → 1 hour → 4 hours, BTC successively breaks through the upper Bollinger Band, reflecting the strength of multi-timeframe resonance, rather than a single timeframe 'false breakout.'
2. The sustainability of capital:
Recent net capital inflows continue to expand, reflecting that institutions or large funds are actively positioning bullishly, rather than retail investors following the trend (retail trends are often accompanied by significant capital outflows).
3. The 'critical point' of historical highs:
The current high point of 124,474 is close to/breaking previous historical resistance (needs to be verified with longer periods, but the technical aspect has released 'acceleration breakthrough' signals). If it can stabilize above 124,000, it is highly likely to initiate a new round of 'historical high sprint.'
Risk Warning
The cryptocurrency market is highly volatile, and caution is needed:
- After the breakout, profit-taking leads to a pullback (can focus on the support of the 1-hour Bollinger Band middle track 121,735);
- Black swan news (policies, liquidity, etc.).
It is recommended to combine multi-timeframe indicators (such as daily trend) + capital flow to dynamically assess, strictly set take-profit and stop-loss, and avoid high-risk chasing.
In summary, BTC's current technical aspect has entered the 'acceleration period for breakthroughs.' If the bullish structure can be maintained, creating historical highs will likely be a high-probability event, but one must beware of short-term volatility risks.