$BTC

In the past week, the Bitcoin market has shown strong expectations for future trends, whether due to Moody's downgrade of the U.S. credit rating or the price breaking through 107,100. This indicates that the market is not very concerned about short-term fluctuations in BTC prices.

From a daily perspective, Bitcoin has been consolidating at high levels, seemingly poised to break upward again.

Currently, after testing the previous high of 107,000, it has been repressed and pulled back, but the support level between 104,000 and 105,000 remains strong.

The resistance levels are at 106,500 to 107,000, and as long as it doesn't break below 101,500, the bullish trend remains unchanged.

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