From the analysis of hourly K-line patterns, the current price of Bitcoin is operating within the middle and upper bands of the Bollinger Bands. After a significant consolidation at the key price level of 105500, an effective breakout has occurred, continuing the upward trend, with an increase of nearly 800 points achieved so far, which is highly consistent with the strategy prediction made this morning.
Through technical analysis, it can be seen that the level of 105500 has been established as an important turning point between bulls and bears. In the recent market, it has served both as the launch support for the upward trend and as a key resistance for the downward trend. At the same time, the three bands of the Bollinger Bands are showing a convergence towards the middle and upper band regions, combined with trading volume and open interest data, indicating that the market's bullish forces are dominating, and the price is expected to continue its upward trend in the short term.
