#Gate用户突破3000万# Bitcoin has entered a consolidation phase after reaching a high of 109,500. The analysis of the 4-hour chart shows that after experiencing a strong bullish rebound of four consecutive bullish lines, the intraday price has broken through from the lower band of the Bollinger Bands to above the middle band. Each 4-hour candlestick maintains a good bullish line shape, and the closing price has consistently held above the high point of the previous candlestick. Although the current market rebound seems exciting, it essentially still falls within the category of technical recovery after a previous deep adjustment. The trading volume shows a mild expansion trend but has not yet broken through the volume standard of key resistance levels. The technical indicators have improved somewhat, but the MACD is still hovering below the zero line. Currently, the upward movement of long positions has slowed down.