Morning Analysis on April 6:
Bitcoin is currently in a typical consolidation pattern. The Bollinger Bands are gradually narrowing on the daily chart, with prices under pressure near the middle band, overall hovering within a high range. On the hourly chart, a hammer candle followed by a small bullish candle forms a short-term stabilization pattern; however, trading volume has not significantly increased, reflecting a cautious willingness for bulls to enter. The bears attempted to push the price down to test the middle band of the Bollinger Bands but were quickly supported by buying (forming a clear lower shadow), strongly confirming the support strength of the middle band. Currently, the KDJ indicator has formed a golden cross in the oversold area, and the Bollinger Bands continue to narrow, with multiple signals indicating that the market is about to choose a direction. The operational suggestion is to pay attention to short-term long opportunities.
Operational Suggestion: Long near 104800—105300, target around 106800.
Second Cookie: Long near 2570—2590, target around 2670.