The four-hour level Bitcoin is oscillating at the upper band of the Bollinger Bands, representing a high-level adjustment rather than a reversal, which is the accumulation of momentum after an increase. The three Bollinger Bands are moving upwards simultaneously, indicating a bullish dominance in the rising channel, with a coherent trend and no obvious bearish signals. The adjustment is aimed at digesting profit-taking and solidifying the foundation for further rises.

Early morning operation suggestion: Go long on Bitcoin around 114500, target 116500; go long on Ethereum around 4710, target 4900. $BTC $ETH #ETH创历史新高 #杰克逊霍尔会议