Core Viewpoint - Bitcoin is currently priced at 104,200, indicating a potential rebound phase in the market, supported by bullish technical indicators such as MACD and engulfing patterns, although caution is advised due to possible resistance from previous highs and certain candlestick formations [1][5]. Technical Analysis - The K-line patterns, including the bullish three soldiers and engulfing patterns, suggest short-term upward momentum, while the doji and dark cloud cover may indicate potential resistance to further gains [5]. - The short-term MA7 is positioned above the price, indicating strong upward momentum, and the price has not fallen below MA30, suggesting solid support [5]. - The MACD shows increasing upward momentum, reinforcing a bullish trend, with a strategy to consider short positions only after breaking previous highs [5]. Trading Recommendations - For short-term traders, it is advised to consider buying after the price breaks previous highs while monitoring support levels such as MA(30) for stop-loss determination [3]. - For medium to long-term investors, observing changes in trading volume and further strong signals from the MACD is crucial to confirm the sustainability of market sentiment [3]. - Specific trading points suggested include buying at 102,500 and 102,000 with a target of 104,500, and selling at 105,500 and 105,800 with a target of 103,500, with a stop-loss of 500 points for both strategies [5].