From the four-hour level, Bitcoin is still operating within an ascending channel. The lows after price pullbacks are gradually rising, consistently maintaining above key moving averages and the center, reflecting stable support from below and a healthy bullish structure. The current trend leans more towards a technical consolidation during the upward process rather than a trend reversal signal. The main tone remains a strong oscillation pattern; as long as there is no significant drop below key support, the four-hour level's direction still favors bulls.
At the one-hour level, after several short-term price pullbacks, it was quickly pulled back up. Although there are bearish candles indicating short-term pressure, a sustained decline has not formed, and instead, there is a rapid recovery, indicating insufficient bearish momentum. The structure shows characteristics of horizontal oscillation with a slowly rising center of gravity. Although the contest between bulls and bears is fierce, the bulls are relatively proactive, and overall, it is in a pullback accumulation stage, waiting for a new wave of momentum to be released to choose a directional breakout.
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