From the 4-hour candlestick technical analysis, Bitcoin has recently shown a clear rebound characteristic after a pullback. Although the price briefly broke below the moving average support in the short term, it found strong support when touching the lower band of the Bollinger Bands, which is a typical oversold rebound signal.

Trading volume performance is crucial—during the decline, it clearly contracted, indicating that the bearish momentum is gradually weakening and not a sign of large funds fleeing. Meanwhile, the KDJ indicator has already rebounded from the oversold area, with the K line and D line forming a golden cross at the low, and the J line rising accordingly. This combination of signals clearly points to a bullish outlook.

The overall framework of the Bollinger Bands remains intact, with the upper and middle bands maintaining an upward trend, indicating that the major upward pattern has not been broken, and the current movement is a normal cyclical correction. From this perspective, the current adjustment has already been sufficiently deep.

Based on these technical features, there are good long opportunities for Bitcoin in the 89200-89800 range, with relatively high reward-to-risk ratio. In the short term, target levels can focus on resistance around 92000-93000. Of course, actual trading should also consider risk management and setting proper stop-loss points.