**Bitcoin (BTC) Recent Trend Analysis and Outlook**

The current price of Bitcoin is around 108,134.7 USDT, showing a slight increase of 0.79% in the last 24 hours, exhibiting a fluctuating upward trend. Technical indicators show that the short-term moving average EMA(12) is at 107,765.4, above the medium to long-term moving averages, indicating a bullish market sentiment in the short term; however, the MACD shows a slight negative value (-1.6), necessitating caution against potential pullback risks. Both RSI(6) and RSI(12) are close to 58, in a neutral to strong range, and have not entered the overbought territory, suggesting there is still room for upward movement.

In terms of trading volume, the 24-hour trading volume reached 10.209 billion USDT, indicating a high level of market activity. If BTC can hold the support level at 108,000, the next target may challenge the previous high of 110,653.6; conversely, if it falls below the EMA(144) support at 105,672.8, it may retest the 102,000 area.

In the long term, Bitcoin is still supported by the halving cycle and institutional capital inflows, but macro policy changes need to be monitored. It is recommended that investors combine technical analysis with risk management. $BTC

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