From the 1-hour candlestick chart, the current price of Bitcoin is below the middle band of the Bollinger Bands, indicating that short-term bearish forces have a slight advantage, and there is certain downward pressure on the price. The Bollinger Bands have not shown significant expansion or contraction, remaining stable overall, which means that market volatility is relatively stable in the short term, with no trend of dramatic fluctuations at present.

Previously, it touched near the upper band of the Bollinger Bands, showing that bulls had made an effort, but they failed to effectively hold above the upper band, leading to a subsequent pullback. In conjunction with the current price position, both bulls and bears are in a stalemate in the short term.

Operational suggestion: Go long on Bitcoin around 115700-116200, with targets looking towards 117700 and near 118000, looking for a breakout above. $BTC #美联储比特币储备