$BTC Although there was almost no market movement over the weekend, some signs can still be seen. The so-called international news either only allowed the cryptocurrency prices to hover around the 100,000 integer level for a week, or merely served as a stimulus. The deep V reversal observed in the last two days of last week fully reflected the pressure exerted by the top-bottom conversion. So far, it seems that the bears still hold an advantage next week, while the support below needs to continue testing the strength of the 100,000 integer level. If this position is touched again, it may lead to a rapid decline; however, this does not mean that the long-term bull market is over. The ultimate watershed for the bull market is around 93,000. No matter how severe this pullback is, as long as it does not fall below 93,000, the long-term outlook remains bullish. Therefore, friends who previously held low position longs or spot should not worry too much; the overall situation has not been completely reversed.

Next, let's take a look at the specific indicator analysis. The daily level shows that the price has been rising continuously, forming multiple bullish candles, but the recent highs have failed to break through the previous resistance level near 107,000, showing signs of consolidation. The hourly level shows obvious upper shadows within the range of 104,000 to 106,000, indicating strong selling pressure above, while the lows are gradually rising, maintaining a slightly strong trend in the short term. The MACD technical indicator on the hourly chart is above the zero axis, the histogram is shortening, and momentum is weakening, which may indicate a phase of consolidation or pullback; daily MACD red bars continue to expand, with a short-term bullish trend. The RSI on the hourly chart is at 61.93, close to the overbought area but not yet overheated, while the daily RSI is neutral to strong