After Bitcoin successfully broke through the key resistance level of 104,000, it reached a high of 105,300 and is currently consolidating above 104,800. The 4-hour MACD shows a golden cross with increasing volume, and the moving average system is in a bullish alignment, indicating that upward momentum is strengthening. If it can hold above the support level of 104,500, there is potential to further challenge the previous high resistance range of 106,500-107,000.

Currently, the area between 104,500 and 104,800 has formed a new support platform, and a pullback that does not break this level will strengthen bullish confidence. Three signals need to be closely monitored: sustained increasing trading volume along with price rises, the breakthrough situation of the previous high at 105,300, and the rallying strength of mainstream coins. These factors will collectively determine the sustainability and height of the rebound.

It is recommended to gradually build long positions near 104,500, with a stop-loss set below 104,000. If it breaks through 105,300 and confirms with a pullback, consider adding positions targeting 106,500. Be cautious of false breakout risks; if it unexpectedly falls below the support of 103,800, strict stop-loss measures should be taken. Additionally, pay extra attention to market sentiment transmission following the opening of the U.S. stock market tonight.