$BTC

Bitcoin is currently experiencing a significant increase in volume. After consolidating below 100,000, moving averages have shown signs of turning upward, indicating that bulls have further demand for a rebound. In the short term, it is also in a strong bullish phase, and although it is facing resistance when probing upwards, there has not been much of a pullback. From the hourly perspective, Bitcoin has moved directly from near the middle band of the Bollinger Bands to above the upper band, opening up an upward channel. The KDJ three lines are trending upwards, and the MACD two lines are also moving straight up, with upward momentum continuously increasing. Currently, there is a possibility of a sprint towards 110,000. Ethereum is linked to Bitcoin and has the potential to break through 4,000 again.

Currently, Bitcoin's short-term resistance is at 110,000, strong resistance at 120,000, and support at 98,000; Ethereum's strong resistance is at 4,200, and short-term support has moved up to 3,800.