#Gate广场创作者新春激励 The early morning market sees strong bullish forces launching a fierce assault, with the main index surging rapidly. The price high point precisely touches the key resistance level of the MA5 moving average on the monthly chart. Meanwhile, on the daily chart, the three major technical indicators—KDJ, MACD, and Bollinger Bands (BOLL)—form clear resonance signals pointing upward. In the main chart's moving average (MA) system, all the MAs within a three-day cycle are also showing different degrees of upward turning. Bitcoin (BTC) has perfectly realized the technical expectation of a secondary upward attack on the daily chart level and successfully broke through the previous box consolidation structure's top resistance at $94,500. The current price has stabilized near the $95,000 level. Based on the principle of top-bottom reversal in technical analysis, the previous box structure's resistance has now transformed into a key support zone. In the short term, the price faces resistance in the range of $95,500-$96,500. If the bulls can continue to exert effort and break through this resistance zone, then the likelihood of Bitcoin pushing toward the $100,000 round number becomes highly feasible.

From the 4-hour chart perspective, after experiencing a phase of low-level oscillation and bottoming out, the price broke through the Bollinger Bands' upper band with a continuous volume increase of bullish candles. Subsequently, with a long upper shadow retracement, it entered a technical correction zone. During this period, the Bollinger Bands exhibited a typical trumpet expansion pattern. The short-cycle moving averages maintained a steep upward slope simultaneously. The MACD indicator's two lines remained in a golden cross and diverging upward, but the energy histogram showed a clear shrinking trend. The KDJ indicator, in the overbought zone (values approaching 100), encountered resistance and turned downward. The VR volume-price indicator hovered around the key value of 350, showing sideways consolidation, indicating a weakening in overall volume and price coordination.

Looking back at this round of market evolution, it completed a bottom formation through repeated testing of the support level over four trading days, then launched a strong attack wave breaking previous highs. Although the overall technical outlook remains bullish, the resistance at the key upper zone cannot be ignored. If this resistance cannot be effectively broken and stabilized, the continuation of the current upward trend will be significantly compromised, and the market is likely to switch to a wide-range consolidation pattern.

Ethereum, on the daily chart, has a strong bullish candle that penetrates the previous high resistance level, forming a resonance with Bitcoin's technical logic. The core support below is anchored at the $3,200 round number, which will be a critical dividing line in the bulls and bears contest. If the price can stabilize and rebound relying on this support during a pullback, the market is likely to initiate another attack on the key resistance zone above. Conversely, if this support is effectively broken, the recent strong daily rally may be a false signal created by the main players to lure in buyers, and the market will revert to the previous range-bound consolidation pattern. Currently, the price has reached near the upper boundary of the box structure at around $3,320, without forming an effective breakout. The short-term support zone can be moved up to $3,250-$3,280, with the resistance precisely at $3,320. If subsequent bullish volume continues to expand and a breakout occurs, the upward space can directly target the $3,400 level.

The 4-hour chart shows distinct divergence features. The Bollinger Bands' opening continues to expand upward, but the price has shown signs of retracing toward the middle band. The three lines of KDJ, after entering the serious overbought zone, have turned downward and diverged. Short-term correction pressure is continuously building. The MACD energy histogram has shrunk significantly compared to the previous trading cycle, indicating marginal decay in bullish momentum. The RSI, in the short term, has also turned downward in the overbought zone, with initial signs of bearish divergence. Overall, although the bullish trend at this level has not been fundamentally reversed.