The K-line is moving like a tug-of-war, indicating that both bulls and bears are waiting for the other side to surrender first. In such times, a single large bullish or bearish candle can often determine the short-term direction.

From this freshly released hourly chart, BTC is currently quoted at 115,043 USDT, down 0.14%, oscillating within the range of 114,640-124,474. Several key signals are worth noting:

1. The Bollinger Bands are clearly narrowing.

The upper band at 115,402 and the lower band at 114,640 are gradually narrowing. This 'contraction' pattern usually indicates an impending large volatility. Just like in mid-August, after the Bollinger Bands narrowed, BTC surged directly by 8%.

2. The MACD indicator is weak. The DIF line is running below the DEA line, and the histogram shows green, indicating short-term bearish momentum. However, it should be noted that the MACD is hovering near the zero line, suggesting that the market is still in wait-and-see mode.

3. Trading volume continues to shrink.

The trading volume of the recent K-lines has significantly decreased, and this kind of 'low volume' often appears on the eve of a trend reversal. As the old saying goes, 'low volume sees low prices'; at this time, we must be particularly vigilant about a sudden directional choice.

[Today's Trading Strategy]

Short-term traders:

If it breaks 115,400 (Bollinger upper band), a small position can be taken to go long, targeting 116,500.

If it breaks below 114,600 (Bollinger lower band), it may test the support at 113,000.

It's advisable to watch near the current price and wait for a clear directional signal.

Long to medium-term holders:

Below 110,000 is still an ideal accumulation range.

Pay close attention to the breakthrough situation at the psychological level of 120,000.

[Latest Market Dynamics]

Whale addresses continue to accumulate in the range of 114,000-115,000.

CME Bitcoin futures open interest hits a three-month high.

Federal Reserve officials' speeches are imminent, which may trigger market volatility.

Remember: in this kind of oscillating market, it's better to miss out than to make a wrong move. Keep patience and wait for the market to give a clear direction before taking action. For daily analysis, precise intraday fluctuations, and following my trades, please check the homepage introduction.