Observing from the 4-hour cycle, Bitcoin is currently in a typical bullish accumulation phase. The key support area below has been tested multiple times without a significant breakdown, indicating that buying pressure remains positive during the pullback. Meanwhile, the Bollinger Bands show a converging pattern upward, indicating that the consolidation range is gradually tilting towards the bullish direction, paving the way for future upward momentum.
Long positions are centered around the target: 86500—86000 range for staggered long positions, with a stop loss below 85000. The target is set for 88400-89400.
Short positions are focused on: 89400-88500 short, with a stop loss above 90400, targeting 87000-86000.
