From the four-hour level, the current Bitcoin is operating in the upper Bollinger Band area. Although there is upward momentum in the short term, there is also considerable retracement pressure, as the upper band position will significantly suppress the price ratio. However, in the overall pattern, the bullish momentum for Bitcoin remains strong, as the price ratio not only steadily breaks through the mid-band constraints but also successfully stands above the upper band area, which itself is a strong manifestation of bullish strength.

The key to watch moving forward is whether the price ratio can stabilize after breaking through the upper band and form an effective stabilization trend, which will directly impact the subsequent trend direction. Considering the operations during the early morning hours, laying out long positions is more prudent.

It is recommended to set long positions near the 108200-109000 area for Bitcoin, with the target looking towards around 112000, and to watch for a breakthrough above $BTC #币安HODLer空投SOMI .