$BTC suddenly broke through 108500, I thought there was some news, searched for a long time but couldn't find anything; logically, during the 4-day closure of the US stock market, there would be too many variable factors, so the direction of tomorrow's opening cannot be analyzed;
Logically, without news stimulus, Bitcoin should be in a range oscillation, but from a technical perspective, the MACD below the daily level has a rebound diverging from the zero axis, and if it closes above 108500 at 8 AM tomorrow, then it's highly likely that next week it will try to touch the previous high again!
However, I still stick to my previous prediction, even if it breaks the previous high, it will lack the momentum to continue climbing. The main reason is that the three-day line and the weekly line have been diverging, and the MA5 and MA10 have a dead cross trend. Although a dead cross can be avoided once through divergence, an excessively steep moving average will only lead to a technical short squeeze, and it is highly likely that the bears will push it down again. Only through a decline or oscillation, allowing the moving averages to cross beneath and then above again, and after entangling, it can have enough consistency to rise again!