Recently, the Bitcoin price has remained active in the upper region of the Bollinger Bands. After reaching a high of 123300, the price has oscillated repeatedly within a certain range. The Candlestick Chart shows frequent long lower wicks, with red and green candles alternating, reflecting that the forces of buyers and sellers are on par with each other, making it difficult to determine a winner for the time being. This trend suggests that market trading is active, with opportunities frequently arising during the oscillation, and the overall market sentiment still leans towards bullish.

From the 4-hour time frame, the price is firmly hovering near the upper band of the Bollinger Bands. Despite a brief pullback due to resistance at high levels, strong support below makes it difficult to continue downward. The three lines of the Bollinger Bands are in an upward opening state, clearly indicating that the current upward trend is dominant, and short-term pullbacks can be seen as adjustments within a strong upward movement.

The 1-hour chart shows that the price continues to hover around the upper Bollinger Band, attempting multiple times to break through the upper band resistance, reflecting the buyer's persistent determination to attack. Driven by buying pressure, the three lines of the Bollinger Band are expanding upward, and the short-term upward momentum remains strong, which supports the price to continue rising along the existing trend.

Overall, the Bitcoin market is currently in a relatively strong yet challenging state. The fierce competition between buyers and sellers has resulted in a high level of uncertainty in price movements, but the overall trend still leans towards upward. Investors need to closely monitor market trends, seizing opportunities while also paying attention to risk management. With the continuous changes in market sentiment, future price directions may see new breakthroughs or adjustments.