$BTC is at a critical juncture for choosing a direction. The recent improvement in the short-term MACD offers hope for a rebound, but a price breakout above the 91,500-92,000 resistance zone with increased volume is needed to confirm a renewed uptrend. Conversely, if the price falls below the 89,300-89,600 support, it may seek support again at the lower end of the range. Until a clear breakout in either direction occurs, it is advisable to adopt a buy-low, sell-high range-trading strategy and closely monitor changes in trading volume.
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$BTC is at a critical juncture for choosing a direction. The recent improvement in the short-term MACD offers hope for a rebound, but a price breakout above the 91,500-92,000 resistance zone with increased volume is needed to confirm a renewed uptrend. Conversely, if the price falls below the 89,300-89,600 support, it may seek support again at the lower end of the range. Until a clear breakout in either direction occurs, it is advisable to adopt a buy-low, sell-high range-trading strategy and closely monitor changes in trading volume.
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