$BTC
Four-hour small bullish K-line with a long lower shadow, retracing before reaching 94000. The market is oscillating between the upper and lower Bollinger bands, rebounding after support at the lower band. The Bollinger bands are parallel, and the strength of the bullish rebound is weak, consolidating around 94000, with potential continued bearish pressure in the future.
The one-hour chart shows four consecutive bullish candles, Bollinger bands flattening, small fluctuations, and balance between bulls and bears, with no breakout yet and obvious resistance above.
Afternoon trading suggestion for Bitcoin: Short at 94300-94800, target 92500.
