From the BTC market data and technical indicators, there is an upward space of over 2400 points within 24 hours. The price is operating near the upper Bollinger Band on the 1-hour chart, indicating a strong short-term trend.

After a wave of upward movement during the day, we need to observe the key resistance and support levels. On the hourly chart, the upper Bollinger Band is close to the resistance level, while the middle band at 112000 serves as short-term support; the important support below can be observed at the lower Bollinger Band around 110800.

From a technical perspective, the Relative Strength Index (RSI) is currently in a mid-high range, showing signs of overbought conditions, which may require caution for a pullback. Meanwhile, the Stochastic indicator (KDJ) has entered the overbought zone and is diverging upwards, indicating that a short-term continuation of the rise is possible, but there may be a pullback after reaching overbought levels.

Currently, in the short term, the price is under pressure from the upper Bollinger Band, combined with overbought signals from the RSI and KDJ, which may face pullback pressure. However, the middle and lower Bollinger Bands still provide support. If the price can hold the key support after a pullback, the medium to long-term trend may continue upwards.

Operational suggestion:

Friends looking to trade short-term can pay attention to the resistance level near 113200; if faced with resistance, consider reducing positions;

And friends looking to trade in waves can wait for a pullback to the range of 112000–110800 to gradually enter positions, with a stop-loss reference below 110000.$BTC #比特币巨鲸换仓以太坊