$BTC On the 4-hour chart, the candlestick bodies continue to oscillate narrowly between the middle and upper bands of the Bollinger Bands. The Bollinger Bands channel shows a horizontally extending trend, with the distance between the upper and lower bands narrowing. The RSI indicator hovers around 62; although it hasn't entered the overbought zone, it is close to the warning line. Coupled with the resistance of the upper Bollinger Band, the price does face significant resistance in its upward movement. The current price is running closely along the upper Bollinger Band, experiencing slight pullbacks each time it touches the upper band, but the lows of the pullbacks are gradually rising, forming the preliminary shape of an ascending triangle. This technical pattern indicates that despite significant pressure from above, the market's buying support remains strong, and a pullback can be anticipated in the morning.
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