Bitcoin has been very calm during the holiday these past two days, with little volatility. The current price level is below the middle band of the four-hour Bollinger Bands, which makes one wonder—can the 95700 middle band be reclaimed? This breakout point is very critical.

If the Bollinger middle band remains unbroken, the probability of a pullback is quite high. It is very likely to fall back into the range-bound zone that has been oscillating for the past two months. Such a trend is actually quite common.

We are still holding short positions at the upper boundary of the 94200 range, and we are defending it. The market will either confirm the middle band support upward or look for support downward; it all depends on how the situation unfolds next.