Bitcoin Trend Analysis Today

Bitcoin is currently in a short-term rebound phase, with the MACD golden cross and Bollinger Band middle line providing positive support, but the KDJ overbought condition poses a risk of volatility. In the medium term, a breakout above the 107708-109759 range could confirm a reversal, targeting 112000-114000. Initial support is at 103000, with strong support at 99000; resistance lies in the 108000-110000 range. Overall, Bitcoin has entered a rebound phase after the sharp drop, with bullish momentum recovering, but the medium-term trend has not completely reversed. Short-term trading is recommended to buy low and sell high while controlling position size, waiting for a breakout with significant volume to confirm the trend.