#BTC $BTC

Recent prices have shown a significant upward trend, especially after May 1st, when the price clearly surged, and recently formed a 'three white soldiers' pattern, further confirming the upward momentum in the short term. The price is currently in a strong upward phase, having broken through the upper Bollinger Band, indicating strong buying momentum in the market, despite the presence of overbought conditions.

In the short term, market prices are expected to continue maintaining an upward trend, but attention should be paid to the expansion of the Bollinger Bands, which reflects increased market volatility, potentially leading to significant price fluctuations. In the short term, it may reach the previous high of 97424.02 or the resistance level near the upper Bollinger Band at 97791.51.

Technical Analysis

Candlestick Pattern: The 'three white soldiers' pattern shows strong upward momentum, and the recent market trend is clearly bullish.

EMA: The short-term EMA is above the long-term EMA, indicating strong short-term upward momentum.

BOLL: The current price is approaching the upper Bollinger Band, with market sentiment high and buying power evident.

MA: The short-term MA shows a clear upward trend, indicating a strong upward trend in market prices.

Pattern Analysis: The downtrend line has been broken, and it has moved upward past the Fibonacci ice line, with subsequent trends continuing to look strongly bullish.

Signal Analysis: The 30-minute signal remains strongly bullish, buying on dips.

Support: 95800-96300

Resistance: Around 99000 #加密市场反弹