Explosion Alert! BTC Supported by Confidence! The Market is in Critical Danger, Lurking in the Trap of a Major Drop!

Current price is around 107, the Bollinger Bands candles are tightly clinging to the upper band, indicating slight overbought conditions, and lack of volume support may lead to a repression at any time. RSI is approaching the overbought zone, but has not yet reached the limit. Although the MACD shows signs of a breakout, the histogram is weak, hiding reversal risks.

Trading volume has not significantly increased, capital inflow is slow, and the market is in a wait-and-see mode. Key support levels at 106.3 and 105.7, if breached, could quickly retreat to the 105 area. 107.3 and 107.6 are strong resistance levels that have been tested multiple times without breaking; a breakout may lead to a surge above 108, but excessive chasing can easily lead to a crash.

Cautious operation is advised: wait for a pullback to 106.2-106.5 with volume confirmation before entering, set a stop loss at 105.18, and target profits between 107.5-108. Those holding positions should avoid greed and must set trailing stop losses.

Summary: The current market is driven by confidence, lacking substantial momentum, be wary of the Fed's "sneeze" triggering a major drop. Bottom fishing requires skill, but more importantly, patience; do not blindly chase highs.