From the current market situation, Bitcoin has reached a support level and entered a consolidation phase. On the 4-hour chart, the price rebound is hindered by the middle band of the Bollinger Bands. Although the short-term bulls are attempting to push higher, they are approaching a key resistance zone above. To further open up upward space, a successful breakthrough of this resistance level is necessary; otherwise, the market is likely to continue trading within a range. Considering the weekend's decreasing market liquidity, it is recommended to adopt a strategy of shorting at high levels and buying at low levels within the range.
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From the current market situation, Bitcoin has reached a support level and entered a consolidation phase. On the 4-hour chart, the price rebound is hindered by the middle band of the Bollinger Bands. Although the short-term bulls are attempting to push higher, they are approaching a key resistance zone above. To further open up upward space, a successful breakthrough of this resistance level is necessary; otherwise, the market is likely to continue trading within a range. Considering the weekend's decreasing market liquidity, it is recommended to adopt a strategy of shorting at high levels and buying at low levels within the range.