#BTC $BTC

Recent prices have shown a trend of overall fluctuation and decline. The market has shown signs of a rebound in the short term, but the momentum is slightly insufficient, making it impossible to confirm whether a true upward trend has formed.

In the short term, there is a trend of tentative rebound in prices, with some recovery in momentum, but the overall rebound strength is limited, and it may fluctuate upwards to test the resistance levels above.

Technical Analysis

Candlestick Pattern: The Dark Cloud Cover appears at a short-term high, indicating that prices may further retrace; the Spinning Top and Doji appear in the fluctuation range, emphasizing the market's unclear direction; if a Belt Hold Line appears, it indicates that a strong trend may emerge in the short term.

EMA: The short-term EMA is rising, but the long-term has not formed a clear crossover, indicating that the rebound remains weak.

MACD: The DIF is gradually approaching the DEA and the red bars are increasing, showing a recovery in market buying power, but it is still in a weak zone.

Alligator: The three lines are flat and close to crossing, indicating that the market may enter a reversal or fluctuation phase.

MA: The short-term moving average is turning upwards, showing a rebound momentum, but the long-term moving average still faces downward pressure.

BOLL: The candlestick breaks above the middle track but fluctuates repeatedly, indicating that the market direction has not yet been confirmed.

Pattern: Bullish Bat [Point D has appeared and reversed, likely to continue]

Signal: The 12-hour signal has not broken. Bullish above the 12-hour level, fluctuating below the 12-hour level.

Trend Line: Breakthrough of Trend Line 1 has been completed, with the pressure position of Trend Line 2 at around: 107000

Support: 104500-105500 range

Resistance: Around 107000, around 109000