Bitcoin 4-hour level display, the Bollinger Bands opening has been continuously narrowing, and has not released the momentum for an upward breakout, instead showing a gradual flattening of the upper band, which creates a dynamic suppression effect on the price.

The current price is fluctuating around the 114700 point, on one hand limited by the resistance of the upper Bollinger Band, and on the other hand facing selling pressure from above.

From the perspective of volume, the bullish strength is clearly weak, with the trading volume during the price rebound stage significantly lower than during the decline stage. This phenomenon indirectly confirms the insufficient ability of bulls to support prices.

Trading suggestion: Bearish outlook near 115000-115600 for Bitcoin, with a target aiming towards 114000-112000$BTC #杰克逊霍尔会议 $ETH #ETH创历史新高 $XRP #比特币巨鲸换仓以太坊 #加密概念美股普涨