From a technical perspective, the hourly chart shows that the Bitcoin price has been operating above the middle band of the Bollinger Bands (this position has been emphasized before as the key area of contention between long positions and shorts). Being able to firmly stay here indicates that the short-term trend is still dictated by long positions; on the four-hour chart, the price is oscillating at high levels, consolidating back and forth near the upper band of the Bollinger Bands, and with the support of the rising trend line below, it has formed a solid high-level platform, preparing for a subsequent breakout.