Recently, the Bitcoin market has been consolidating sideways around $100,000. With the release of favourable information, it has started to oscillate upwards, currently reaching approximately $102,700.

From a technical point of view, the current market as a whole is showing a volatile upward trend, the MACD indicator shows that the strong volume can be released, and the RSI fast and slow line maintains a strong upward momentum in the overbought range. It is worth noting that the MA7 moving average is showing an upward trend and forming a golden cross with the MA30, while the RSI indicator is 27.98, which is in the oversold range, and the current trend is temporarily in a V-shaped rebound pattern, and the defensive strategy is particularly important at this stage.

For the short-term trend, attention should be paid to the rebound situation in the range of 103,000 to 103,800 USD. If a pullback occurs, it may drop to around 102,000 to 101,000 USD. Another range that needs close attention is the rebound situation at the 2,500 to 2,489 line, which may subsequently pull back to the 2,420 to 2,400 range.

The market is highly volatile, and it is recommended that investors adjust their strategies flexibly based on real-time market conditions and pay close attention to market signals to make corresponding decisions.