$BTC Bitcoin last week experienced a significant volume surge with a strong bullish candlestick breaking through the downtrend line. It is currently above the Fibonacci 0.236 level, a key confirmation point at 94500(, the upper boundary of the rectangular consolidation), with the 103000( Fibonacci 0.5+M top neckline); if the weekly chart effectively holds above 0.5, the probability of trend reversal increases significantly; the daily chart shows volume breakout from the consolidation upward channel middle line, with the price approaching 94500(, the arc bottom neckline, targeting 105000), the POC of high trading volume(; if a pullback occurs, 92500), the channel middle line(, is the boundary between trend strength and weakness; MACD and RSI have both formed golden crosses, and Bollinger Bands are opening upward; in the short term, focus on the 4-hour chart, where short-term opportunities may arise;



In the short term, the 4-hour chart shows a strong bullish rally, with the main trend in a rising consolidation channel. Currently breaking through the channel's middle line, continue to watch for resistance around 94500), the previous high consolidation platform resistance(, with the second resistance near 98500), the upper band of the channel;

For pullbacks, the first low support is around 92800, the second is near the neckline at 90700, and the third is near the upward trend at 89500. Keep an eye on the main channel's lower boundary support at 88500; as long as it is not effectively broken, the overall trend remains intact.
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