Recently, I've been paying close attention to Bitcoin's trend and have some thoughts. From the weekly chart perspective, the market signals are actually still relatively optimistic. The KDJ has bottomed out and rebounded, and the bearish momentum was fully released last week. However, the MACD is still below the zero line, and the fast line has not yet shown a clear upward movement. This indicates that although a rebound is emerging, it will still take a few weeks to see a significant upward trend, as the indicators need time to adjust.

Looking at the market, Bitcoin is oscillating around 80,000, holding the April low of 74,500 below. The resistance levels above are at 98,000 and 103,000. Honestly, the 98,000 level was previously a support, but it might now turn into resistance.

Switching to the daily chart, the upper EMA double track resistance is at 102,800, and the Bollinger Bands are all flat. The MACD pattern is interesting — during the bottom divergence, the fast line DIF has started to turn upward, and the KDJ is also showing signs of bottoming out and rebounding. After three days of bearish momentum release, bullish energy is beginning to appear, with trading volume supporting this. In this context, the 94,500 level is a key resistance. If it can hold steady and break through, it’s reasonable to expect the trend to continue toward 102,800; otherwise, it may revert to range-bound oscillation, eventually forming a triangle narrowing pattern.

On the 12-hour chart, the EMA double track resistance is at 98,600, and the candlestick pattern resistance is at 94,500. The KDJ rebound looks bullish, which is positive, but the MACD shows a death cross, and the fast line DIF is showing signs of upward movement. The trading volume currently leans bullish. However, the immediate resistance levels are at 94,500 and 98,500, which need to be broken through.

Overall, the market remains bullish, but the key resistance levels are sequentially at 94,500, 98,000, and 103,000. My suggestion is to focus on the 1-hour and 4-hour indicators around 94,500 — if this level is truly broken and held, the triangle pattern will be broken, and the market could move toward 98,000. If not, it will need to wait for the next correction to form the final leg of the triangle pattern, but ultimately, the break of 94,500 is essential. I will continue to monitor and provide updates on the movements after 98,000 and 103,000.