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Observing the four-hour time frame, Bitcoin is currently maintaining narrow fluctuations in the upper band of the Bollinger Bands, with clear price resistance levels and significant selling pressure. On the technical side, the MACD indicator's green momentum bars are expanding, indicating that short positions still dominate the market.
The current Bitcoin price range is hovering around $2220-$2260. Considering the performance of technical indicators, the possible target price range below may be around $2100-$2050-$2000. Investors need to closely monitor the performance of these key price levels.