4-hour chart analysis of Bitcoin: Clear signs of a short-term bottoming, initial rebound momentum is showing.

The current Bitcoin shows clear signs of bottoming and rebound momentum in the 4-hour analysis. The price dipped to a low of 117004, quickly stabilizing after approaching the lower Bollinger Band, and closed with a rebound candlestick, indicating strong buying support below. The price has now risen to around 118400, with small bullish candles gradually recovering lost ground, suggesting that short-term bulls are starting to gain strength.
From a technical indicator perspective, the lower band of the Bollinger Bands shows significant technical support, with prices finding effective support here and beginning to rebound. The candlestick patterns indicate that short-term momentum is strengthening, and market sentiment is improving. Overall, Bitcoin has stabilized at a key support level within the 4-hour timeframe, with initial signs of short-term rebound momentum.
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