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From the current market observation, the four-hour level trend shows a three consecutive bullish candle upward movement. However, the upper band of the Bollinger Bands has formed a significant selling pressure, resulting in a longer upper shadow on the bullish candles. But in terms of the overall pattern, even with the selling pressure above, the bulls are still in control of the market rhythm.
Looking again at the hourly level, the market quickly retraced below the upper band of the Bollinger Bands after a strong upward movement. However, this pullback is significantly weaker than the rebound. Currently, the price is gradually climbing upwards, and the MACD indicator's dual lines have not changed their upward extension trend due to this pullback.
The midnight trading suggestion remains to maintain a low long position after a pullback. It is recommended to go long around 120000—121000 for Bitcoin, with targets at 123000 and 124000. Make sure to manage your risk during night operations.