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Bitcoin experienced a strong rebound yesterday after an initial decline in the market. After a short-term pullback to a low of 119205, Bitcoin quickly gained momentum, reaching a high of 1238949 during the midnight period, before retreating to around 112000 and entering a consolidation phase. From the current market perspective, the four-hour chart shows clear signals, with the price testing the upper Bollinger Band again in a series of bullish candles. Due to pressure, the price has retreated, leaving a long upper shadow on the current bullish candle. Although there are short-term upward obstacles, the support below is significant, and the price is still close to the upper Bollinger Band, coupled with recent low points continuously rising, indicating that bulls are in a consolidation phase, waiting for further opportunities to surge. The one-hour trend is even stronger, with the price breaking through the upper Bollinger Band resistance, and bullish volume beginning to release, with no obvious resistance zones above, maintaining a steady upward trend overall.