From the hourly chart structure, the price has been slowly recovering and rising from below the lower Bollinger Band, gradually testing the middle Bollinger Band level. During the upward move, it faces clear suppression from the middle band, and the rebound strength for the bulls is limited. Currently, the bears have not taken the chance to break down below the key bottom support. Bulls and bears are pulling back and forth in ongoing contention, so the overall trend direction is unclear. In all likelihood, the intraday market will remain range-bound and oscillate.

Trading idea: If the price retraces to around 4670, you can consider entering a small long position. The short-term target is 4720-4740. If the market effectively holds above the resistance level, the bulls may continue to strengthen, and in the following period, you could look further toward the 4780-4800 area. $BTC $ETH $XAUT