Current Technical Analysis:

From the hourly level, the MACD indicator has been diverging upwards after a golden cross below the zero axis, with the green bars' momentum gradually increasing, indicating that the short-term rebound momentum is building up. The RSI has also rebounded from the previous oversold zone and is currently around 55, not yet entering the overbought range, suggesting that there is still room for the price to rise further.

Overall, the market is still operating within a recent oscillating upward channel. The quick pullback followed by a rapid rise verifies the effectiveness of the support below, especially the strong buying support in the 118000-118500 range.

Personal Suggestion:

Bitcoin: Enter at 108500-109200, with a target looking down at 107500-106500$BTC #MichaelSaylor暗示增持BTC