#数字资产市场动态 【Bitcoin 1-Hour Technical Analysis｜What Are the Bulls Brewing?】

After watching the market all night, this 1-hour timeframe is becoming more and more interesting. My only view is: short-term pullbacks are buying opportunities. As long as we hold above 96,700, a new rally is just around the corner, targeting the previous high at 96,950.

**Technical Perspective:**

The current price is closely hugging the upper band of the Bollinger Bands (96,635). The band structure is still slowly widening, which is a typical sign of strong momentum building. As long as the price doesn’t effectively break below the middle band (96,590), it indicates that the bulls still hold the main control. The short-term moving averages are aligned—both the 7-period and 30-period moving averages are in an upward channel, serving as the best support levels for a rebound. If the price retraces to around 96,600, that will be the first line of defense. The MACD also looks promising; although the DIF and DEA are still above zero and close together, they are starting to turn upward. The histogram is small but has turned positive, indicating that the downward momentum has been exhausted and the bulls are accumulating new energy.

**On-Chain Data Insights:**

In the past three days, the net inflow of Bitcoin into exchanges has remained low, suggesting that selling pressure isn’t as heavy as expected—many holders are reluctant to sell. Whale wallets have increased their holdings over the past 24 hours, with large transfers mostly flowing into cold wallets—this is a classic accumulation signal.

**Catalysts to Watch:**

Recent Federal Reserve statements have taken a dovish tone, risk asset sentiment is improving, and expectations for crypto liquidity are getting better. Bitcoin spot ETFs saw inflows yesterday, indicating that institutional support might be quietly backing the market.

**Position Reminder:**
Support levels are at 96,590 and 96,500; resistance levels are at 96,700 and 96,950.

My own trading plan is simple: build positions around 96,580 in batches, with a stop-loss below 96,450. Once volume breaks through 96,700, I will chase the breakout, targeting the 97,200 to 97,500 range. The market is never short of volatility; what’s lacking is the courage to act decisively when the opportunity arises. $BTC