From the 1-hour candlestick view, the opening of the Bollinger Bands is narrowing, which usually indicates that market volatility is decreasing, and a direction may emerge soon. Currently, the price is below the middle band of the Bollinger Bands, with bears in control. However, the narrowing of the bands also means that the strength of the bears is weakening, providing an opportunity for the bulls to counterattack. If the price can rebound and stabilize at the middle band, that would be a signal that the bulls may start to gain strength.

Trading suggestion: You can go long in the range of 116,800-117,300 for Bitcoin, targeting 118,800-119,800.$BTC $BTC #牛市季来临