The four-hour K-line for Bitcoin shows that the price has been continuously moving upward along the middle band of the Bollinger Bands, breaking through the upper band to create a new peak for this phase. Although there has been a pullback, it is still stabilizing above the upper band, maintaining a strong bullish pattern.
Previously, Bitcoin had long-term oscillations to build a base, and after breaking through with a large bullish candlestick, it entered a composite pattern of 'breakout rally + high-level consolidation.' The current pullback is a normal technical correction. If it can find support at the middle band of the Bollinger Bands or at key support levels, there is hope for the upward trend to continue; if it falls below the middle band, it may initiate a phase of adjustment. In a one-sided upward market, it is recommended that investors follow the trend and avoid trading against it.
Afternoon Suggestions
Bitcoin: 108500-109000, target at 110000
Ethereum: 2660-2640, target at 2730
