Currently, Bitcoin is showing a typical consolidation pattern on the 1-hour chart, with bullish and bearish forces in a fierce contest.

From a technical indicator perspective, the price is fluctuating near the middle band of the Bollinger Bands, with strong resistance at the upper band and relatively weak support at the lower band. It is worth noting that although the MACD indicator has shown a golden cross signal, the actual momentum is weak and unable to support a clear directional trend. In this market environment, blindly entering trades may fall into the trap of repeated fluctuations between bulls and bears.

A rational strategy should be to maintain a wait-and-see attitude, waiting for the price to effectively break through the upper and lower bands of the Bollinger Bands, while confirming that the MACD indicator shows a clear trend direction. Once the market direction is clear, appropriate position allocation can be made, which can significantly improve the success rate of trading.

The cryptocurrency market offers numerous opportunities, but seizing the moment requires patience and insight. Continuously monitoring market dynamics, especially the breakthrough of key price levels for Bitcoin, will help identify more favorable entry points amidst market fluctuations, achieving more stable trading returns.