#密码资产动态追踪 I just went through the 1-hour chart of Bitcoin, analyzing everything from technical indicators, on-chain movements, to news sentiment — the conclusion is very clear: currently, it's a classic accumulation and consolidation phase, so don’t be scared by short-term dips.

What do the technical indicators say? The price is repeatedly testing around 90485.3. The Bollinger Bands are already at their limits (upper boundary 91694.2, lower boundary 89735.3), with very tight space between them. Regarding moving averages, MA7 and MA30 are about to converge, and the MACD bars are showing little movement. This is a typical stalemate between bulls and bears — the consolidation has compressed to a critical point.

The previous high of 94760.3 and low of 89242.0 define the clear boundaries of this wave. Without breaking through these two levels, the market will continue to trade within the range, buying low and selling high.

On-chain, I’ve been monitoring: exchange inflow and outflow are stable, no unusual large transfers from big players, and position changes are very mild. This indicates that large funds are also waiting, with no signs of dumping or sudden upward pushes. There are no black swan events in the macro environment for now, and regulatory news remains relatively calm. So, the market is just waiting for a trigger.

My judgment is this: in the short term, a high probability of continued consolidation. This is not vague talk but based on practical experience. Bollinger Bands tightening, moving averages converging, and no violent on-chain fluctuations — these are common signals before a breakout. Key levels to watch are these: above 91694.2 and 94760.3, and below 89735.3 and 89242.0. Any of these levels being effectively broken could trigger a trend.

Set your stop-loss and take-profit orders, and avoid over-trading during consolidation to prevent chip erosion. This kind of market is actually the best time to test your trading system. $BTC