#BTC $BTC 【Weekly trend is bullish, there is only one direction for the next month】

Technical Analysis:

BOLL: Price is approaching the upper Bollinger Band, with the band widening, indicating increased market volatility and upward momentum.

EMA: Short-term price has broken through key moving averages (such as EMA144) and is trading above them, indicating a bullish trend in the short term.

Alligator: The Alligator lines are in an open state, with a complete bullish arrangement, confirming the upward trend.

MA: Short-term and mid-term moving averages are gradually rising, the market is in a stable upward channel, and the long-term moving average has broken through and stabilized, with a bullish bias.

Trendline: The 4-hour trendline has retraced for the fourth time, with strong bullish performance and good rebound at the bottom【A bullish hammer pattern formed at the bottom】

Signal: The 4-hour signal has a healthy bullish retracement, and the current signal continues to show a strong bullish trend.

Support: 106666-107777

Resistance: 110000-111000