Bitcoin (BTC) Market Analysis

The current price trend is fluctuating and stabilizing upward. After the previous correction, the price has stabilized above the support level of $94,000 and has effectively returned to the $96,000 mark, regaining upward momentum, with the trend gradually improving.
Technical Form: From a technical perspective, the Bitcoin RSI index has recovered from a previous low and is currently in a neutral to strong area around 57; the MACD indicator shows that bullish momentum is re-accumulating, and a golden cross may form in the short term; the price has stabilized above the 50-day moving average (around $91,330) and the 200-day moving average (around $85,300), with the medium to long-term upward channel remaining intact. Bitcoin continues to operate above the important 200-day moving average, maintaining its long-term bullish structure.
Operation Strategy
Breakthrough Long Strategy•
Entry conditions: The price effectively breaks through the resistance level of $97,000, accompanied by a significant increase in daily trading volume (more than 20% compared to the previous period).
Target: Primary target is $98,500, secondary target is the psychological barrier of $100,000.
Stop loss: set below $95,000, strictly control risk.
Pullback buying strategy
Entry conditions: If the price temporarily pulls back to stabilize in the support range of 94,000-95,000 USD, and a daily candlestick pattern of a bullish engulfing or long lower shadow appears.
Target: Bounce back to the $97,000-$98,000 area, and after breaking through, look towards $100,000.
Stop loss: Set below $92,500 to ensure controlled risk.