The Bitcoin market has recently shown a significant rebound trend, with prices quickly breaking through the 105,000 USD mark and then consolidating at high levels. Multiple technical indicators suggest that the market's short-term trend is strengthening.

From multiple time frames, the upward momentum of Bitcoin is strengthening. On the 15-minute and 1-hour charts, the MACD indicator shows a golden cross, and the RSI index is also at a high level, reflecting strong short-term upward momentum. On the 4-hour chart, the price has broken through the upper range of the previous consolidation zone, the MACD histogram has turned positive and is continuously expanding, and the RSI has risen above 60, initially establishing an upward trend. On the daily chart, Bitcoin is challenging the resistance of the 25-day moving average, and the MACD death cross trend has somewhat converged, indicating that the mid-term recovery trend is still ongoing. On the weekly level, the bullish structure remains intact, with the MACD maintaining a golden cross state, and the long-term trend still being robust.

It is worth noting that during this rise, the trading volume has significantly increased, indicating a higher level of market participation and a stronger willingness for capital to enter. If the trading volume continues to expand, it will further enhance the validity of the breakout.

Currently, the Bitcoin price is in the rebound continuation phase. Investors should closely monitor the performance of the two key resistance levels at $105,800 and $106,600. If these resistances can be effectively broken, Bitcoin is expected to open up further upward space.

At the macro level, some positive factors are also supporting the rise of Bitcoin. MicroStrategy has again increased its holdings by 11,900 Bitcoins, bringing its total holdings to over 1% of the total circulating supply of Bitcoin, demonstrating the confidence of institutional investors. Meanwhile, the U.S. SEC has begun evaluating the Bitcoin and Ethereum combination ETF, which could bring new inflows into the cryptocurrency market. Additionally, on-chain data shows that the number of active Bitcoin addresses has reached a recent high, reflecting an increase in market activity.

Nevertheless, investors should remain cautious. The market may experience a short-term Rebound, and it is advisable to pay attention to the performance of key support levels. At the same time, it is also important to closely monitor changes in the global macroeconomic situation and regulatory policies, as these factors may have a significant impact on Bitcoin prices.