🚀 Bitcoin Cash (BCH) surges 16% this week, trading at $563 with strong bullish pressure and growing investor confidence. A breakout above $595 could trigger a powerful rally and mark BCH’s next big move. #BitcoinCash# #BCH# #Crypto#

#数字货币市场回升 Today's Bitcoin midday market analysis: From the recent trend, Bitcoin rose to a peak near 116379 earlier, and then began to adjust downward. Technical indicators show that the upper Bollinger Band is at 116269, the middle band is at 113037, and the lower band is at 109805. The current price hovers around 113928, and although it is still in a relatively strong area above the middle band, it has formed a certain distance from the upper band. For bullish investors, it is important to focus on the psychological level of 114000. If it can effectively break through and stabilize above this level, the next target will point to the resistance level near the upper Bollinger Band at 116269. If it can break through the upper band strongly, the bullish trend is expected to continue further. Investors who are bearish should closely monitor the key support level of the Bollinger Band's middle line at 113037. If the price breaks below this level, it is likely to continue declining towards the lower band around 109805. It is worth noting that although the MACD indicator is still maintaining a red bar state, convergence signs have already appeared, which is a technical signal that requires caution. In summary, it is advised that investors avoid blindly following trends to chase highs or panic sell, but instead closely monitor these key technical levels. Decisions should be made based on the price performance at these levels, while ensuring to set reasonable stop-losses to protect their investment safety. $BTC