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The current 4-hour cycle market data shows a high-level consolidation trend, with Candlesticks alternating between bullish and bearish, and a clear one-sided direction has yet to be established. The price remains above the middle band of the Bollinger Bands, and the KDJ indicator continues to rise after forming a golden cross pattern, suggesting that bullish momentum is quietly building.
Switching to the 1-hour timeframe analysis, although the price once broke through the upper Bollinger Band, the long upper shadow reveals that selling pressure still exists above. The Bollinger Bands are widening, and the momentum is continuously building up, but the upward space still needs to be expanded, so it is advisable to focus on pullbacks for trading.
Bitcoin: around 88800-88300 is a good entry,补 at 87800, target 89800-91800