Currently, the hourly Bitcoin trend is showing a high-level oscillation pattern, with prices fluctuating repeatedly between 84000 and 85500, gradually forming a short-term consolidation center. The market is experiencing intense bullish and bearish competition, with trading volume remaining stable, indicating significant divergence in this area. The price has quickly rebounded multiple times after testing the lower boundary of the range, but the resistance above is also evident, and there has not been an effective breakthrough in the short term. This oscillation structure usually indicates a consolidation phase, and as time goes on, the market may choose a direction.

From a technical perspective, although short-term prices are stuck, the overall structure still leans towards bullish. The MACD indicator is near the zero line, but the histogram has been gradually narrowing, suggesting a weakening of bearish momentum; additionally, the price has repeatedly stabilized at key support levels, indicating strong buying power below. If accompanied by a moderate increase in volume, breaking through the upper pressure zone of 85500-86000 could open up a new round of upward movement. In the short term, it is recommended to pay attention to breakout signals, and if it stabilizes above the previous high, follow the trend.

Long near BTC84500, focus on the upper level of 87800

Long near ETH1566, focus on the upper level of 1620