According to the latest Bitcoin (BTC) market analysis, there have been some positive technical indicators in the short term. From the 1-hour Candlestick Chart, if there are multiple consecutive Bullish lines, and their body parts account for more than 60% of that hour's amplitude, this may indicate the formation of a pump momentum.

At the same time, the technical indicators also show optimistic signals. The MACD indicator's histogram has turned from negative to positive, and the DIF line has crossed above the DEA line to form a golden cross, which is usually seen as a buy signal. Another noteworthy phenomenon is that as the price rises, the trading volume has significantly increased, further corroborating the strengthening of bullish momentum.

These factors combined indicate that Bitcoin may continue its rising trend in the short term. However, investors still need to closely monitor the breakout of important resistance levels to confirm the sustainability of this trend.

Based on the current market situation, it may be advisable to establish a long position in the range of $105,500 to $106,500, with a temporary price target of $107,500. However, it should be noted that the cryptocurrency market is highly volatile, and investors should fully assess the risks before making any decisions, taking into account their personal investment strategies and risk tolerance.