Recently, the Bitcoin market has shown a strong upward momentum. From a technical perspective on the four-hour cycle, long positions still dominate the market direction, with prices continuously running close to the upper band of the Bollinger Bands, demonstrating a clear intention to push higher. Although there has been a brief pullback in the market, the overall decline has been limited, failing to break the current upward trend.

In terms of technical indicators, the KDJ three lines are showing a synchronized upward turn, indicating a potential golden cross signal, which is usually seen as a buying opportunity. At the same time, the MACD indicator shows that the two lines are diverging upwards, indicating that the long positions are continuously being released, further confirming the stability of the medium-term rise trend.

Turning to the one-hour level analysis, we can observe that despite a slight pullback after three consecutive bullish candles, the overall trend still maintains within the upward channel. The key support level has not been breached, and this pullback appears more like a regular technical adjustment within the trend. As long as the price does not effectively break below the lower band of the channel, the market is likely to continue to maintain a fluctuating upward pattern.

Based on the current market situation, investors may consider the following operational strategies: gradually establish long positions in the range of 114000 to 113500. The range of 115500 to 116500 can be set as a phased profit-taking target. However, investors must remember that the cryptocurrency market is highly risky, and they should not invest more than they can afford to lose, while closely monitoring market changes and adjusting strategies in a timely manner.