4.5 Bitcoin has tested the downside multiple times, waiting for a pullback to go long.
The 4-hour chart shows that Bitcoin is in a downward oscillation trend, and the market may maintain a range-bound consolidation. Due to the narrowing of the Bollinger Bands and the appearance of a top formation and dark three soldiers signal, there is a possibility of further downward testing of support. Pay attention to the price's breakout situation at the upper and lower bands of the Bollinger Bands. If the price pulls back to the support level of 82500 again, consider going long, mainly focusing on a low long strategy.
On the 1-hour chart, the price fluctuates near the middle band of the Bollinger Bands, further indicating the market's hesitation and uncertainty. The market is in a consolidation and oscillation state. The doji and bottom formation in the pattern analysis suggest a possible rebound, but combined with the hovering at the middle band of the Bollinger Bands, the price may continue to oscillate in the short term.
The current market has a balanced force between bulls and bears; it is recommended to maintain a wait-and-see attitude and wait for the market direction to become clear before taking action. If the price does not pull back and directly breaks through the upper resistance level of 86000, you can chase long; if the price dips and breaks below the support level of 82500, then consider going short. In addition, closely monitor the changes in the width of the Bollinger Bands to prevent sudden market volatility.
Go long on Bitcoin at 82000-82500, targeting around 86000-90000. Stop loss at 81000.
Go long on Ethereum at 1750-1780, targeting around 2000-2200. Stop loss at 1710.