Bitcoin recently released several positive signals. Although there were some bearish candles on the 4-hour chart, the subsequent performance has been quite good—price has shown a steady ladder-like upward pattern, indicating that the bulls are gradually pushing higher.
Interestingly, Bitcoin continues to trade near the upper band of the Bollinger Bands, which suggests that the overall market momentum remains positive, and the bulls still have the strength to push upward. While there are some technical selling pressures above, limiting short-term gains, the price has demonstrated good resilience during each correction, indicating that the buying support on dips is relatively solid.
On the hourly level, the alternating consolidation of bullish and bearish candles is actually a normal technical correction process. The price has stabilized within the Bollinger middle to upper band, and in the short term, the bulls still hold the dominant position. Each pullback finds effective support and rebounds, which is a healthy rhythm. From a multi-timeframe perspective, although the market is still oscillating, the overall trend is gradually rising, and the bulls are accumulating advantages in this round of competition.
Ethereum's situation is similar, with a technical outlook also showing a bullish bias. The trading strategy can focus on capturing the oscillating upward rhythm, buying on dips within support zones, and following the bullish momentum with short-term thinking, patiently waiting for the next breakout after the consolidation is complete. Overall, the current technical pattern still points to a sideways but bullish trend, as the market is brewing upward strength through repeated fluctuations.