Bitcoin broke the consolidation pattern last night, and then started a slight rebound. By midnight, the price returned to the area above 109,000, and bullish sentiment gradually intensified, with the market showing an upward trend.
From the hourly level, the Bollinger Bands are starting to narrow, the MACD fast and slow lines crossed upwards but with decreasing volume bars, and the KDJ shows signs of turning downwards again. The overall structure is showing lower lows; if the rebound cannot break through the trend line resistance, high short positions can continue to be executed.
Bitcoin: Around 110,500-109,800
Looking down: 108,000-107,000
