Let's take a look at the current Bitcoin chart!

Today, it has been rising from 63,650 all the way up to a high of 65,996, now oscillating around 65,800. The short-term trend remains relatively strong, with the Bollinger Bands opening upward, and the price hugging the upper band, indicating that the bullish trend has not broken. However, there is also some resistance near the upper band. The KDJ indicator is currently at a high level, showing signs of turning, which suggests that the short-term momentum is beginning to slow down and a pullback may be needed.

Next, we will focus on two key levels: first, the intraday high of 65,996 above; only if it is broken can there be a chance to push higher. Below, the key level is the middle Bollinger Band at 65,717. Holding this level means the oscillating and relatively strong trend will continue. If it breaks below, a retest of 65,470-65,500 is likely.

Overall, we are still in the recovery phase after a bottoming out. It is normal to see high-level oscillations and fluctuations. We just need to wait for the signals.