The Bitcoin daily chart shows that despite a significant fall yesterday, the price remains stable above the middle band of the daily Bollinger Bands. Although there has not been a significant rebound in the short term, the overall trend has started to stop falling and is showing a stable situation. The technical indicators suggest that the market still has upward potential.

From the 4-hour time frame, the price of Bitcoin has fallen from the upper band of the Bollinger Bands to near the lower band after experiencing four consecutive bearish candles, and is currently slowly rebounding. Although the MACD indicator remains in a golden cross state, the shrinking of the momentum bars along with the KDJ and RSI indicators both reversing suggests that there may be significant volatility in the short term.

However, from a long-term perspective, the overall development prospects of the market remain optimistic, with the potential to break new highs in the future. The current price level may represent a relatively low entry opportunity. For investors with a lower risk tolerance, it may also be worth considering waiting for further price corrections before seeking more attractive entry points, in anticipation of a possible bull market that may occur in the future.

It is worth noting that the cryptocurrency market is highly volatile, and investors should make cautious decisions and manage risks appropriately. At the same time, continuously monitoring market dynamics and fundamental factors, as well as making timely adjustments to investment strategies, is also crucial.