After a weekend of volatility and consolidation in the Bitcoin market, a step-like upward pattern has emerged. During the intraday trading period, prices steadily climbed with a moderate upward trend, and as the evening approached, there was an accelerated rally with bullish forces dominating the market, significantly increasing the risks of short-term selling.
From the perspective of weekly technical patterns, Bitcoin is approaching the critical resistance levels of $106,000 and $107,000. Current market momentum continues to accumulate, with clearer signs of a breakout. The upward trend is confirmed by multiple technical indicators, and the breakout point may be just around the corner.
Considering the current market structure and capital flow, investors are advised to seize the opportunity during pullbacks, potentially entering long positions near $103,000, with target prices aiming for the key resistance levels of $106,000 and $107,000. Strict stop-losses should be set to manage risks.
