#BTC $BTC

Recent prices have been relatively volatile, showing signs of a short-term rebound, but overall it remains in a state of adjustment.

In the short term, the current price is gradually approaching key support levels (such as trend lines and moving average support) and is rebounding, but the market is still in a consolidation range. Indicators show that bullish momentum is gradually recovering, but a strong trend signal has not yet fully formed.

In the medium term, the overall trend still leans towards consolidation, with downward pressure somewhat alleviated. If the price can further break through key resistance areas (such as previous highs and medium to long-term moving averages), a new round of upward movement is expected.

Technical Analysis:

Candlestick Pattern: A 'Three White Soldiers' pattern has recently appeared, indicating short-term rebound momentum, but further verification is needed.

MACD: The fast line DIF is gradually approaching the slow line DEA, and the red bars are expanding, indicating that bullish momentum is recovering.

MA: The short-term moving average is trying to break through the medium-term moving average, reflecting significant signs of a short-term rebound.

EMA: EMA144 shows strong buying interest, with prices testing support multiple times without breaking below.

BOLL: Prices are near the middle band, with the channel narrowing, reflecting a reduction in market volatility.

Alligator: The three lines are intertwined, indicating that the market is in a consolidation phase, with balanced bullish and bearish forces.

Signal: The bullish signal on the 12-hour chart continues, but the upward trend of signals below the 12-hour level has been disrupted.

Pattern: A retracement movement after a rise, coincidentally testing the Fibonacci level of 0.236 at [103000].

Support: 103000

Resistance: 106000, 108000