The current price of BTC is above the middle band of the Bollinger Bands, indicating that short-term bullish strength is dominant and the trend is relatively strong; the price has rebounded significantly from the lower band in the previous period and is currently in a recovery phase, with the lower band forming strong support and the upper band serving as a short-term resistance level.

From a technical perspective, the short-term RSI (6 periods) has broken through 50, indicating that the short-term bullish momentum is sufficient, but it has not yet entered the overbought zone, leaving room for upward movement. The mid-term and long-term RSIs are in the process of recovering, and overall market sentiment is gradually improving. The KDJ indicator shows K and D values at a high level, with the J value close to 100, indicating that short-term bullish strength is relatively strong, with potential for a pullback pressure; however, the KDJ is still in a bullish arrangement. Unless a downward turn occurs, the short-term trend may still lean towards strength. The MACD indicator indicates that bullish momentum is significantly increasing, with the mid-term trend leaning towards bullish.

In the early stage, BTC quickly fell from the high point of 126200 to around 101500, and then began to rebound, recently recording consecutive bullish candles with strong rebound momentum. Overall, in the short term, BTC is in a pattern of "strong rebound but needs to be wary of overbought corrections." The support level to watch is the Bollinger middle track around 114000; if it retraces without breaking this level, the bullish trend may continue. The resistance level to watch is the previous high range and the Bollinger upper track around 120000; if it touches this level and the KDJ turns, a phased correction may occur. #Gate保险箱上线