#Gate 2025 Q2报告出炉# #山寨季何时到来？#

The Bitcoin market continues the upward momentum from last night, with the price reaching a peak of 120046 in the early morning before pausing. According to the current market situation, the four-hour cycle shows a strong three consecutive bullish candles, decisively breaking through the key resistance level of the middle Bollinger Band. Although each bullish candle has a certain length of upper shadow, indicating short-term selling pressure above, this pressure seems insignificant in the face of strong buying power, unable to hinder the further upward trend. As buyer funds continue to flow into the market, the overall trend has clearly shifted to a bullish control, but the bears have not mounted any counterattack along the way, and the overall market maintains a continuous upward movement. From a higher timeframe perspective, the market has experienced a round of increase, with the bears providing some pullback, and the price has also fallen back somewhat. However, the Bollinger Band remains open upwards, and the overall trend is still within an upward channel. The current pullback does not affect the overall situation, so after a certain pullback, the market is likely to break upwards again. Therefore, in the morning operations, we still maintain the strategy of buying on dips after a pullback.