Analysis on the afternoon of October 28

Looking at the four-hour chart, under the continuous push of bullish candles in the earlier period, the price of Bitcoin has refreshed its recent high, and the upward trend is becoming increasingly clear. The current bearish pullback at the four-hour level can be seen as a phase of consolidation in the bullish trend, representing a healthy technical correction. This pullback helps digest short-term profit-taking and accumulates momentum for the subsequent upward movement.

From a technical indicator perspective, the price is currently operating steadily within the upper Bollinger Band channel, indicating that the upward momentum has not yet fully released, but caution is needed for the risk of intensified short-term fluctuations. All indicators are in the overbought zone, and the process of correction is a critical phase for repairing indicators and waiting for the moving average system (, such as MA10 and MA20), to follow up.

Operation Suggestions
The pancake is around 113500-113200, looking up towards around 115000.
Auntie is around 4070-4050, looking up near 4250 #币圈 #加密货币 .