According to the analysis of Bitcoin 4H level chart, we can see that the current market is showing an upward trend, and the DIF line in MACD is below the DEA line, indicating that the market is under great selling pressure. However, the green bar chart is gradually shortening, indicating that the selling pressure is weakening, which indicates that there is a possibility of a rebound in the short term.

On the other hand, the K-line value and the D-line value in the KDJ indicator are hovering around 50, indicating that the market is in a state of shock. At present, the K-line value and the D-line value are below 50 and form a golden cross upward, which indicates that the price of Bitcoin will rebound in the short term. If the K-line value and the D-line value continue to move upward, the price will rise further.

Finally, we can see from the Bollinger Band indicator that the price of Bitcoin is currently fluctuating above the middle track of the Bollinger Band, which indicates that the market as a whole is still biased towards bulls. If the price can break through the upper track and continue to run above the upper track, the bullish trend will be further confirmed. On the contrary, if the price falls below the middle track, it will pull back to the position of the lower track.

According to the Bitcoin 1H level chart, first we can see that the DIF line and DEA line in MACD are above the 0 axis, and the DIF line is crossing the DEA line downward. In this case, it generally indicates that the price will have downward pressure in the short term.

Secondly, we can see from the KDJ indicator that the current K line value and D line value are both above 50, and the J line value is close to 100, but the J line value shows signs of turning down, which indicates that the market is currently in an overbought state and may be adjusted at any time.

Finally, we can see from the Bollinger Bands indicator that the current price is between the middle track (71016) and the upper track (71498), and the price has just broken through the upper track and then fell back to below the upper track. Everyone knows that when the price breaks through the upper track but fails to break through or fails to stabilize after breaking through, it means that the price has formed a certain resistance to the market rise, and then it will be adjusted down to the middle track or even the lower track (70539).

Comprehensive analysis: Overall, Bitcoin is still in an upward trend, but MACD and KDJ both show certain sell signals, and the Bollinger Band indicator also shows that the price failed to maintain after breaking through the upper track, indicating that the upward momentum is insufficient and will face certain correction pressure in the short term.For intraday operations, it is recommended to focus on long positions on pullbacks.