BTC Market Quick Review (Current Price: 107655)
Bitcoin (BTC) has been exceptionally strong these past few days, breaking through the 106800 center and piercing the downward trend line, slowly rising without significant pullbacks, the trend resembles "iron-blooded ascent"! K-line continues to push higher, with bulls and bears clashing between 109000 and 106800, the market seems to be building momentum, the next wave may either consolidate or directly break upwards!
Key Areas:
Upward Resistance: 109000 (short-term pressure).
Downward Support: 106800 (short-term support).
Trend Observation:
Four Hours: After breaking through 106800, steadily rising, volume gradually increasing, funds continuously flowing in.
One Hour: Near 107655, bulls and bears are in a contest; breaking through 109000 or retracing to 106800 will set the tone.
Overall Network Information Analysis:
BTC's recent strength may be driven by a warming global risk appetite, with conflict ceasefire progress being smooth, reducing safe-haven pressure. The approval of virtual asset licenses in Hong Kong is a positive (23 news, 8 applications pending approval) also boosts confidence. Signs of short squeezes, if liquidity is absorbed during consolidation, breaking through 109000 may lead directly to 110000; if the situation reverses, 106800 may be tested again.
Trend Speculation:
If it breaks out after consolidation, 110000 is expected; if it falls below 106800, it may test 105000! Driven by liquidity, the trend should be closely monitored!
