Weekly level: Trend reversal confirmed, target 110,000 USD
Strong bullish breakout: This week closes with a relatively long bullish candle, trading volume increased by 25% compared to the previous week, indicating sustained healthy market participation.
Strong moving average support: Price stabilizes above the weekly MA30, and the MA30 remains in an upward trend, indicating a solid bullish structure in the medium term.
MACD golden cross signal: The fast and slow lines form a golden cross after a pullback above the zero axis, confirming the end of the adjustment and officially starting a new round of upward trend lasting 4-8 weeks.
Key target levels: The first target for this round of upward movement is 110,000 USD, followed by attention to 120,000, 131250, 166700 USD and other resistance levels after breaking through. A real acceleration in the market requires waiting for the Federal Reserve to cut interest rates, driving significant capital inflow.
Daily level: Short-term fluctuations, buying opportunities approaching
High-level consolidation signal: Daily line shows a slight bearish closing, trading volume remains flat, and weak weekend liquidity is a normal phenomenon.
Bullish momentum weakening: MACD shows signs of stagnation above the zero axis, indicating short-term pullback demand, but the daily MA30 is still upward, and the overall trend remains intact.
Operational strategy:
Build long positions on dips: Focus on the support range of 102160-99980 USD (2H/4H EMA52), a pullback is a buying opportunity.
Caution for short-term short positions: If the price rises to the resistance zone of 105000-110000 USD, a short position can be attempted, but strict profit-taking is necessary to avoid being trapped against the trend.
Key level reminder:
Resistance levels: 105000 → 110000 → 120450 USD
Support levels: 99500 → 97750 → 95200 → 92840 USD
8-hour level: Caution for short-term pullback risks
Current 8-hour MACD is at a high level with diminishing upward momentum, caution is needed for a rapid pullback. However, the medium to long-term trend remains upward, and adjustments still present buying opportunities.
Summary: The weekly upward trend of Bitcoin is established, there may be short-term pullbacks, but a decline is a buying opportunity. After breaking through 110,000 USD, the market will enter a new wave of main rise layout phase.
