Recently, the price of Bitcoin has entered a phase of consolidation after facing resistance at higher levels. The hourly chart clearly presents a step-like ascending core structure. Although it has made multiple attempts to push towards previous highs, it has consistently been constrained by key resistance levels and has not achieved a significant breakthrough. However, during the pullback process, the support levels that the price has retraced to are showing a gradual upward trend, suggesting that the buying strength below is strengthening. The evening market provided clearer signals, with the price briefly dipping to the lower band of the Bollinger Bands before quickly stabilizing and rebounding. This not only verifies the effectiveness of the current support levels but also indicates that the bullish momentum in the market has not been completely exhausted by the previous surge, and there is still room for release. From the perspective of candlestick patterns and volume coordination, the selling pressure corresponding to short-term head characteristics has completed a concentrated release, and the exchange of positions is becoming sufficient. The subsequent market is likely to enter an upward recovery channel, and it is essential to pay close attention to the opportunity for a second breakthrough at the previous high resistance level.
Operation Suggestions:
Bitcoin: Buy around 115000, target 117000
