Despite the previous misjudgment of PCE expectations, this does not affect our optimistic attitude towards the overall trend of Bitcoin.

Currently, we should focus more on the performance of the market itself, rather than getting caught up in the authenticity of the data. From a technical perspective, the 30-minute chart shows the Vegas channel support range at 106400-106600. On the 4-hour chart, the middle line of the Bollinger Bands has moved up to 106800 after the release of bearish energy yesterday, forming a new support level.

The overall trend of the market remains bullish, with the key dividing line at 106200. If it can break through and hold this position, a pullback to around 105000 is expected in the future. It is recommended to establish long positions near 106600, targeting the range of 108000-108300.

However, if the price breaks below 106200 and stabilizes, it is necessary to consider hedging short, with a target around 105000. At that time, indicators can be combined to determine whether to continue to be bullish and break through 106600, or to maintain a hedging short strategy.

It is worth noting that if the market does indeed show a reversal that affects the 12-hour or even daily indicators, then the bulls may need to exit and consider short positions to capture swing profits. However, at present, all indicators still show that the overall trend maintains a bullish pattern, and no significant changes have yet occurred.

Overall, the market still has strong upward momentum, but investors should remain vigilant, closely monitor the performance of key support levels, and adjust strategies flexibly to respond to potential market changes.