4.1 Daytime Analysis:
From the observation of the four-hour cycle technical chart, the current price is undergoing narrow consolidation below the middle track of the Bollinger Bands. Multiple intraday rebounds have failed to effectively break through the pressure of the middle track, and the counterattack momentum continues to be limited, indirectly confirming that the market is in a weak oscillation pattern. It is worth noting that the EMA moving average system displays a bearish arrangement characteristic, with short-term moving averages continually pressing down on long-term moving averages. This divergent structure of moving averages further reinforces the bearish pattern, laying a technical foundation for the subsequent trend evolution.
In terms of key indicators, the MACD dual lines continue to maintain weak performance below the zero axis, and while the energy bars show signs of local narrowing, they have never achieved a breakthrough of the zero axis. This technical formation indicates that the current market is still in a repair cycle under bearish control, and the narrowing amplitude of the bar line may reflect a temporary alleviation of selling pressure, but also highlights the fragility of market recovery. It is particularly important to be cautious; if the subsequent energy bars diverge again and the dual lines maintain a low position, it may trigger a new round of downward momentum.
Operational Suggestions: The price of Bitcoin is in the range of 83,500 to 83,800, look for a sell towards 82,300 to 81,800.