After a fierce battle between both sides during the early morning hours, Bitcoin's market gradually stabilized. There were no signs of a significant decline in the short term, and the price of Bitcoin previously showed a oscillating trend around 682.

Looking at the 1-hour chart, it can be observed that after the price dipped to the support level near 649, it entered a phase of repeated tug-of-war between bulls and bears, gradually moving upward. As the price continues to climb, the short-term Bollinger Bands indicator has started to turn upward.

Bitcoin is facing some resistance around the 693 level, but based on recent pullback performance, this resistance does not seem very strong, with limited retracement strength. Given this trend, the midday period is more inclined to adopt a buy-on-dip strategy.

Specifically, you can consider placing long positions around 673, with the initial target set at the 695 - 700 zone. If the price successfully breaks through this area, it can continue to look higher; conversely, if the price encounters clear resistance and cannot break through effectively, short-term short positions can be considered. #BTC