The pancake lives up to expectations and continues to rise👆

Long-term upward trend established: Since April, BTC has been in an upward channel, continually creating higher highs and higher lows. The breakout on July 10 is a continuation of this upward trend, with the daily closing above the high, demonstrating that bullish strength is dominant in the long-term trend.
Since the beginning of July, its price has repeatedly tested the range of $105,000 - $112,000, with significantly reduced market volatility and a daily fluctuation narrowing to around $1,500.
The current Bitcoin is in a "guiding wedge" structure, which usually indicates that the sideways consolidation may be in the washout phase, aimed at accumulating strength for the subsequent main upward wave. This summer is expected to initiate a new round of bullish trends, with target levels looking towards $120,000 - $122,000.
The 4-hour K-line shows a large bullish candle breakout pattern, with the closing price above the previous resistance level, and the last K-line closing as a bullish candle. The MACD histogram continues to expand and maintains positive values, indicating that there are no signs of exhaustion in bullish momentum; although the KDJ indicator is in a neutral range, no top divergence signals have appeared, leaving room for further upward movement. #BTC#