BTC Morning Analysis: #BTC☀

Recently, the price has been fluctuating in the range of 106,000 to 107,000, forming several candlesticks with long upper and lower shadows, indicating fierce competition between bulls and bears in the market. Yesterday, a long lower shadow was observed, with a minimum touching 102,000, followed by a quick rebound, showing strong buying support below.

The MACD histogram continues to expand, indicating that short-term bullish strength is increasing. The RSI fluctuates in the range of 60-70, nearing the overbought zone but not entering it, suggesting that the market still has some upward momentum. The price is operating above the EMA moving averages, and the short-term moving averages are in a bullish arrangement, supporting the price upward.

Operational Suggestions: Pay close attention to the upper resistance level at 107,500; if it breaks through, a new high may be directly welcomed. If there is continued fluctuation afterwards, consider shorting at high levels.

Closely monitor market dynamics and adjust strategies flexibly.