#BTC $BTC 【Bullish Flag; New Highs Possible】

The recent price shows a clear upward trend. The market's bullish arrangement remains strong, with prices running above all moving averages, indicating a strong upward momentum. The price is currently close to the upper Bollinger Band, suggesting potential pullback pressure.

In the short term, the market is still in a strong upward trend, and technical indicators suggest that upward momentum continues to strengthen. However, with the price approaching the upper Bollinger Band and historical highs, there may be fluctuations or slight pullbacks in the short term.

Technical Analysis

Candlestick Pattern: The spinning top pattern shows market hesitation, the dark cloud cover indicates potential reversal risks, and the three white soldiers form after confirming the upward trend, mostly appearing in daily or weekly cycles.

MA: The bullish arrangement indicates an upward trend in the market, with short to medium-term moving averages supporting continuous price increases and showing further upward momentum.

EMA: The two main moving averages (such as the 144 and 169 periods) show a consistent upward trend, indicating enhanced market momentum and stability of the upward trend.

Alligator: Diverging Jaw, Teeth, and Lips show a strong trend, with prices consistently above the three-line combination, indicating strong buying power.

BOLL: Prices near the upper band show strong characteristics, and the widening channel suggests increased volatility, with the trend likely to continue.

Signal: Continue to be bullish

Trend Line: Has been broken, continue to accelerate bullish.

Support: 106000

Resistance: 109000