BTC Technical Analysis

1. Weekly Situation: This week, BTC's weekly candlestick formed a medium bullish line, with the price gradually oscillating upwards. However, from the overall pattern, there is still the possibility of a double top forming, and this possibility has not been ruled out yet. It's like setting up a structure that might form a double top, which has not been dismantled.
2. Daily Situation: Yesterday, the daily K-line for BTC closed with a bearish candle at the resistance position, ending the previous three consecutive bullish candles that rose from the bottom. Moreover, the trading volume has been continuously decreasing. Now, from the price structure perspective, it has reached near the upper trendline of the flag-shaped consolidation area. If this resistance level cannot be broken, the price will likely retrace to the lower trendline of the flag; if it can break through, the price may rise to the highest point of the flag, approximately around 111800.
3. KDJ Indicator Situation: The KDJ indicator shows that the price has entered the overbought zone again. You can see that there were two previous instances when the price was in this overbought zone, and it eventually reached a relative peak. So, if the resistance at the upper line cannot be broken, one still needs to be cautious of a price correction.
4. 4-hour chart MACD indicator situation: Looking at the 4-hour chart, the MACD indicator has just formed a death cross, which means that the previous bullish momentum is starting to shift to bearish momentum, and the market's buying and selling direction may change.
5. TD Sequence Situation: From the TD sequence, a bearish TD9 signal has appeared at a high level, which also indicates that the market is currently leaning towards bearish, and the price may go down.
6. Bollinger Band Situation: Today, the naked K-line of BTC is supported at the level of 106480, which coincides with the support of the middle band of the Bollinger Bands, forming a resonance support. Today, the price is likely to oscillate back and forth in the range of 108200 - 106480.

In summary, the current technical aspects of BTC show that while there are some supports, there are also many bearish signals. The market situation is quite complex, so everyone should be cautious when operating.