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Recently, Bitcoin's price movement has been quite stable, with bulls and bears tugging back and forth. This kind of market is certainly favored by many, as long as position management is done well, there is basically no risk of liquidation.

On the four-hour K-line chart, the price is oscillating between the upper and lower bands. After testing the upper band yesterday, it formed two consecutive large bearish candles, directly approaching the lower band. Now that we are at the bottom, it presents an excellent bullish opportunity. The current price is looking to see if it can break through the middle band. If it does, the price will continue to test around 89600.

For today, it is recommended to continue looking bullish around the 87500-87800 area, with a target towards 89600. The levels are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger full of emotional value, sharing trading education for free. Bringing stability and clear guidance in the restless trading market, with experience through three cycles of bull and bear markets and years of practical trading experience. Proficient in naked K, trends, Dow theory, Gann, harmonics, Chan theory, Elliott wave theory, and other technical analyses, culminating in unique personal insights.

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