From the one-hour technical indicators, Bitcoin shows a clear bullish characteristic in the short term. The 5-day moving average has rapidly crossed above the 10-day and 20-day moving averages, forming a golden cross pattern. This signal indicates that there is sufficient upward momentum in the short term, and the buying pressure is strong.
The price continues to remain above various short-term moving averages, further confirming that the bulls have firmly taken control of the market, with a strong trend continuation.
