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Looking at the recent market, Bitcoin has been consolidating around 97,000, and the bullish pattern is quite clear.
From a capital perspective, inflows have been consistently strong these past two days, indicating that it's not short-term funds speculating, but main funds continuously entering to push the price. Each dip is a technical correction, and this is an ideal time to set up long positions.
Now, let's look at the 4-hour technical chart. The price has already broken through the middle band of the Bollinger Bands and continues to move upward. When it previously dropped to the lower band, it quickly rebounded, showing that the support at the lower band remains quite stable. Currently, the price is moving along the middle band upward, forming a typical bullish channel. Although the KDJ indicator is in overbought territory, there are no signs of a reversal yet. Coupled with increased volume during the upward move, this overbought condition is normal in a strong trend, and the bulls still have momentum.
Overall, it may be advisable to consider a long position in the 96,000-96,400 range, targeting the 98,000-99,000 zone. This level is quite suitable for entering a position.