From the four-hour level, the overall structure of Bitcoin still operates within an ascending channel. After a pullback, the low points are gradually rising, and the price remains above key moving averages and the central axis, indicating stable buying pressure below. The bullish sentiment has not been damaged; it currently resembles a technical consolidation after an increase rather than a trend reversal. The main rhythm still leans towards a strong oscillation as long as there is no significant volume drop below support; the four-hour direction remains on the bullish side. From the one-hour level, the price quickly rebounded after a series of pullbacks in the short term, with bearish candles under pressure but no continuation of the decline, instead accompanied by rapid recovery, indicating that the effect of the downward pressure is limited. The one-hour structure shows a state of lateral oscillation, with the center of gravity slowly moving upward. The competition between bulls and bears is intense, but the bulls are more proactive, overall belonging to a rhythm of pullback and energy accumulation, waiting for new momentum to be released before choosing a direction for a breakout.
Operation Suggestions:
Bitcoin 88000- 88500, target near 90000;
Ethereum 2980-3000, target near 3100.
