$BTC Key Indicators

MACD: The histogram remains negative but is gradually shortening, indicating that bearish momentum is weakening and bullish strength is increasing.

KDJ: Neutral value 50, no golden cross/death cross signals, the market is in a wait-and-see state.

RSI: 53.58, close to neutral, no overbought/oversold signals.

Trend Patterns

4-hour Chart: Bollinger Bands are narrowing, prices are oscillating around the middle track, with short-term support at $103,500 and resistance at $105,500-$106,800.

Daily Chart: Low points are gradually rising but have not broken through key resistance, caution is needed for false breakout risks.

Short-term Strategy

Long Position: If the price retraces to the support range of $103,500-$104,000, a small long position can be attempted, with a stop loss at $103,289 and a target of $105,500.

Short Position: If a rebound occurs at the resistance range of $105,500-$106,800, a short position can be attempted, with a stop loss at $109,195 and a target of $103,000.

Risk Warning

A breakout above $106,800 may trigger a trend reversal, while a drop below $103,000 could test the psychological level of $100,000.