#BTC $BTC 【Trend is King, Trend is Bullish】

Overall price is in an upward trend, although the recent upward momentum has slowed down and there have been some reversal signs such as doji and hanging man. However, the market still shows strong bullish sentiment.

In the short term, although there are possible reversal signals (such as doji and hanging man), indicator analysis shows that market momentum remains strong, and there is potential for further price increase in the short term.

Technical Analysis

Candlestick Pattern: Recent doji and hanging man indicate that the trend may reverse, caution is needed for potential pullbacks.

EMA: Current price is above EMA(144) and EMA(169), indicating a strong upward trend, with enhanced momentum.

Alligator: Three lines are in a bullish alignment and consistently pointing upward, indicating that the market is in an upward trend.

BOLL: Price is approaching the upper Bollinger Band, market volatility is increasing, and the trend may continue.

MA: Short-term moving average MA(5) is rising and positioned above other moving averages, further supporting the upward trend.

Pattern: Previous high resistance has been broken, the trend is strong, although there is selling pressure above; however, the probability of continuing to surge is greater!

Support: 108888

Resistance: 115000