Bitcoin is currently hovering around 90,000. The 4-hour chart has clearly risen to near the upper Bollinger Band, indicating a strong rebound zone after a rally.

From a structural perspective, the previous low at 84,000 is the starting point of this rebound. The rebound here is quite robust—sufficient volume, not a weak retracement, but an upward move with volume. The short-term trend has already shifted to a strong pattern.

However, above 90,000, there is a cluster of previous high points, which could cause short-term oscillation or resistance during a pullback. Additionally, the price is currently far from the middle band, making the current long-entry less attractive in terms of risk-reward.

In terms of trading strategy, it’s advisable to avoid chasing the rally in the short term. A more rational approach is to wait for a pullback to stabilize around 88,500–89,000 before considering a long position. If a volume breakout occurs and the price stabilizes above 90,500, that would be a true signal of trend continuation. Conversely, if it falls below 88,000 support, the current rebound structure would be broken, and it’s better to wait and observe clearer signals before acting. Mainstream coins like Ethereum can be approached with similar logic.