#BTC $BTC

In the short term, market prices are showing narrow fluctuations, with technical indicators suggesting a weakening of bearish momentum, while bullish momentum has not yet significantly increased. The short-term trend may continue to maintain a volatile state. Furthermore, various moving averages and indicators indicate that there is strong support and resistance in the market, and a relatively balanced state may continue until a further directional choice appears.

Technical Analysis
K-line pattern: The appearance of a "Doji" pattern indicates a balance of power between bulls and bears, suggesting a potential trend reversal in the short term.
MACD: The histogram shortens below the zero axis, indicating a weakening of bearish strength, or a potential trend reversal signal.
Alligator: The three lines are converging, and the market is entering a consolidation phase, waiting for a direction to choose.
MA: MA5 and MA15 are converging and flattening, short-term price fluctuations are tending to stabilize, and market sentiment is highly cautious.
EMA: EMA144 and EMA169 show a steady upward trend, indicating a bullish medium-term trend with strong support.
BOLL: The Bollinger Bands are converging, with the middle band slightly tilted upwards. The market is in a consolidation phase, waiting for a directional breakout.
The trendline support is also near this price level now.
Support: around the current price of 104000
Pressure: around 107000