By analyzing the technical indicators of Bitcoin across multiple timeframes, we can identify some positive signals forming.

From a weekly perspective, the MACD indicator shows a positive trend, with the fast line DIF shifting from downward pressure to an upward movement. In terms of trading volume, after experiencing two bearish candles, there is a short bullish candle. Although the increase is limited, considering the previous decline, this may indicate that bullish momentum is accumulating, and there may be a breakthrough rise in the future. The upper band of the Bollinger Bands is also moving upward, creating the possibility for new price highs.

On the daily level, the price is encountering the middle track of the Bollinger Bands around 105500, creating certain pressure. It is difficult to determine whether there will be a pullback or a breakout based solely on daily indicators; a comprehensive analysis is needed in conjunction with shorter-term indicators.

On the 12-hour chart, both KDJ and MACD show a golden cross, which is a bullish signal. The trading volume continues to remain strong after the large bullish candlestick, indicating sufficient bullish momentum. The current main resistance level is near the upper Bollinger Band at 107500, as well as the candlestick pattern resistance level at 108300. If it can break through 108300, it will open up the space for a challenge to the historical high.

The 6-hour chart shows that the upper Bollinger Band at 106500 constitutes recent resistance. Although the KDJ and MACD both show golden crosses, the trading volume has declined with a small bullish candle following the large bullish candle, indicating that the bullish strength is temporarily insufficient. In this time frame, the market direction still has uncertainty, and close attention should be paid to changes in trading volume to determine the subsequent trend.

The 4-hour chart presents a clearer bullish signal, with KDJ and MACD golden crosses, and MACD breaking through the zero line. After a brief pullback in trading volume following two large bullish candles, it rises again, overall leaning towards a bullish outlook.

Comprehensive analysis suggests that the market is likely to break through 106500 in the short term, focusing on the two key resistance levels of 107500 and 108300. Although breaking the historical high seems to be just a matter of time, at this stage we should concentrate our attention on these two recent targets. Investors need to closely monitor the performance of these key price levels, as they may become important reference points for judging the future direction of the market.