The weekly line is a small bullish candle in a doji star formation, with trading volume slightly lower than the previous week, indicating a high-level oscillation trend.
The weekly MA30 line is still in an upward trend, with the MACD showing a slow increase in bullish momentum above the zero axis.
There is still room for further upward movement at the weekly level, aiming to create a new high.
The daily line is a small bullish candle with short upper and lower shadows. The trading volume has increased significantly compared to the previous day, but it still shows a shrinking volume in a high-level oscillation trend. The daily MA30 line maintains an upward trend, and the MACD is showing a tangled trend near the zero axis. The price changes in the short term are relatively fast. As we mentioned yesterday, the price will experience significant fluctuations as early as Sunday afternoon, and around six o'clock on Sunday afternoon, Bitcoin began to rise. Today is Monday, and with the opening of the US stock market in the evening, there will be an hourly-level downward adjustment during the day, followed by a continued rise after the US stock market opens. The rebound on the 2-day line has not yet ended, and the trend still needs to create a new high. The price of $112,000 will definitely be challenged, and we will see how high it can go as we progress. The daily level resistance is 110400-120000, and the support level is 104660-101000-98500.
