Yesterday, the market was relatively flat during the day, with limited price fluctuations for Bitcoin. However, in the evening, the trend strengthened significantly, and the price surged rapidly, reaching a high near 94,500 before starting to pull back. Currently, the market is consolidating around the 92,400 level.
Overall, after a sustained upward move, the market has entered a consolidation phase at a high level. Although there is some short-term downward pressure, the main technical structure still favors the bulls. Going forward, attention should be paid to whether the price can find effective support near key moving averages and previous resistance areas and regain upward momentum.
It is recommended to go long around 92,200 and 91,500, with initial targets at 94,600. If that level is broken, look for 96,800 and 100,000. #晒出我的Alpha积分 $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Yesterday, the market was relatively flat during the day, with limited price fluctuations for Bitcoin. However, in the evening, the trend strengthened significantly, and the price surged rapidly, reaching a high near 94,500 before starting to pull back. Currently, the market is consolidating around the 92,400 level.
Overall, after a sustained upward move, the market has entered a consolidation phase at a high level. Although there is some short-term downward pressure, the main technical structure still favors the bulls. Going forward, attention should be paid to whether the price can find effective support near key moving averages and previous resistance areas and regain upward momentum.
It is recommended to go long around 92,200 and 91,500, with initial targets at 94,600. If that level is broken, look for 96,800 and 100,000.
#晒出我的Alpha积分 $BTC