Looking at Bitcoin on the 4-hour chart, after the price surged to 71,500 and pulled back, it has entered sustained wide-range oscillation within the previous consolidation zone. Currently, the price is still trading within this range with no trend or momentum to break out in the short term. The 4-hour Bollinger Bands continue to narrow, and with Friday's market approaching, the current oscillation is expected to deliver a new breakout direction by tomorrow evening. Key focus should be on tomorrow evening's US stock market performance.

From the short-term hourly perspective, the price continues to oscillate around the middle band with sustained pulling action, and the overall K-line structure maintains a pattern of gradual upward movement through oscillation. The short-term price trend is unlikely to undergo significant changes. The key is to monitor tonight's US stock performance. During the day session, expect oscillation with slow gains, with short-term thinking focused on long positions, with pullback entries for position building. #Gate2月衍生品市场份额创新高