This week's Bitcoin trend analysis:

From the perspective of short-term technical indicators, the two-day MACD is in a high position, indicating a trend of returning to the zero axis, with the main support area expected to be around 98000 (this point will change over time). It is noteworthy that the K-line has touched the two-day EMA14 position four times in a row; in this case, special attention should be paid to the possible resonance rebound phenomenon between the daily and two-day lines. If this situation is established, the probability of breaking through the previous high will significantly increase.

From the mid-term pattern analysis, Bitcoin is forming a typical triangular convergence pattern, and the price trend is highly consistent with the EMA52 moving average. If the price breaks below the key support range of 98000 to 96000, without significant market news intervention, it may enter a consolidation phase lasting about half a month.

The current market is at an important decision point, and investors should closely monitor the changes in the above technical indicators and reasonably plan their trading strategies.