Bitcoin continues to show a fluctuating pattern. Last week, it tested the 80,000 level without breaking it, then recovered and rose, with prices consolidating back to the 84,000 level. Last week, it was repeatedly emphasized that the price of the market needs to rise, and now the targets are gradually being realized. So how will the trend be this week? Let's analyze it below.

On the daily level, the Bollinger Bands are in a contraction pattern. The candlesticks, after testing the lower track, have continued to show bullish signs. Currently, the price has shown four consecutive bullish movements, repeatedly testing below the middle track. In the short term, there appears to be pressure testing, and the slight accumulation of this pressure will inevitably lead to a breakthrough. Furthermore, the MACD bearish volume indicator is gradually decreasing, and the fast and slow lines have a golden cross with upward momentum.

From the four-hour perspective, various indicators are starting to turn upward and diverge. The 85,000 level will be the recent dividing line for bullish and bearish trends. If it breaks through, there is no doubt that the price will make a significant upward move. Combined with the current pre-market signals, whether on a large scale or small scale, the overall signals are leaning towards bullish. Thus, the market outlook moving forward is focused on bullish trends below.

Consider a phased bullish view in the 83,200-82,800 area, with a target of 85,000. If it breaks through, look at the 87,000 position. The points mentioned are for reference only.

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