Recently, the Bitcoin market has shown a continuous pump trend, with the appearance of multiple Bullish lines directly reflecting the dominant long positions sentiment in the current market, creating an overall optimistic atmosphere.

However, from the 4-hour chart perspective, the recent K-lines have been caught in a high-level oscillation pattern. The phenomenon of alternating small bearish and bullish lines indicates that the struggle between long positions and short positions is intensifying in the short term, and the market is likely facing phase adjustment pressure.

In terms of technical indicators, although the DIF and DEA in the 4-hour cycle are still above the zero axis, maintaining a bullish trend structure, the continuous shortening of the MACD histogram indicates that bullish momentum is gradually weakening. Therefore, investors need to pay close attention to short-term pullback risks.

Nevertheless, from the overall trend, during the previous multiple pullbacks, the key support level below has never been broken, and the pullback strength has been relatively limited. This to some extent confirms that the strength of the current trend still exists. If the subsequent market can hold the support below, the possibility of restarting a bullish trend cannot be ruled out.

It is worth noting that the market is ever-changing, and investors should make decisions based on their own risk tolerance, taking various factors into account. Closely monitor market trends and adjust strategies in a timely manner to seize opportunities in the unpredictable cryptocurrency market.