From the 4-hour timeframe, the three Bollinger Band lines are showing an outward-expanding formation. The coin price has been trading along the upper band, and although there is a small pullback, it has not affected the bulls’ advance pace. The market has continuously printed several consecutive full-bodied large bullish candles, indicating that the bulls’ momentum is very strong. Looking at the 1-hour timeframe, a small-scale one-way upward trend has already formed, and the openings of all three lines are diverging upward. To a certain extent, this limits the space below. Although the price is moving in an alternating pattern of bullish and bearish candles, what is worth paying attention to is that the low point of each new upswing is continually rising. For the next steps, the operational outlook still remains mainly bullish, aiming to bet on a bull-side rebound.