The weekly line is a large bullish candlestick with an amplitude exceeding 42%, and the trading volume is double that of the previous week, indicating a volume-supported rise.
The weekly MA30 line has turned from a downward trend to flat, and the MACD shows strengthening upward momentum near the zero axis.
In terms of pattern, it is a large bullish candlestick that has broken through multiple moving averages, representing a very beautiful weekly-level bullish initiation pattern.
Next, ignore short-term price fluctuations, hold on tight, and welcome even more intense upward movement.
The daily line is a bullish candlestick with a long upper shadow and a short lower shadow, and the trading volume is 70% higher than the previous day, indicating a volume-supported rise.
The daily MA30 line maintains an upward trend, and the MACD shows strengthening upward momentum above the zero axis.
The price increase encountered the high points of the previous two rises (at the red circles) and coincided with Bitcoin's pullback, creating a trend of pullback in the direction of the trend; however, the obvious upward momentum has not stopped, leaving further room for upward movement.
The target position will be to reach 44-45, and then pull back to the 40.5-41.5 area.
Daily level resistance at 45-48-51.6, support at 36.5-34.4-32.1.
