After experiencing a rapid spike in price last night, the market sentiment for Bitcoin briefly fell into a state of volatility. However, it has since stabilized, currently showing a trend of sideways adjustment in the lower price range. This sideways movement is not a meaningless stalemate; rather, it resembles a reaccumulation of strength by both bulls and bears after a fierce struggle, laying the groundwork for future market direction.

From the daily chart perspective, the previous wave of pullback movements is quite noteworthy. During the continuous decline, the price precisely touched the key support level of the Bollinger Bands' middle line, and it was the effective functioning of this support that became an important opportunity for the market to turn around, after which the market began to rebound in response. If we shift our focus to the hourly level, the market's structure becomes even clearer. A significant low-point rebound structure has already formed; after touching the low, the price shows a step-like recovery trend, with each minor pullback failing to break the previous low, instead becoming an opportunity for the bulls to gather further strength. The candlestick combinations on the hourly chart also release positive signals, with the number of bullish candles gradually increasing, which undoubtedly reflects the enhancement of short-term bullish strength. In the morning, let's first observe the strength of the rebound.

The pancake is over 118,000, focus on 119,500.
Ether over 4540, paying attention to 4600 #BTC再创新高# #晒出我的Alpha积分#