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Observing the daily trend of Bitcoin, it is currently oscillating within the range of the box, but the characteristic of gradually rising bottoms is quite obvious. This signal is worth noting—if the subsequent pullback can stabilize and be confirmed, breaking above 98,000 will present an opportunity for action. On the other hand, once the support at 92,000 is broken, the short-term situation will turn dangerous, and it may even retest around 88,000.
The overall current trend is relatively weak with prominent consolidation features. This week's opening performance was flat, and the future direction mainly depends on the performance of the US stock market—if US stocks continue to weaken, Bitcoin may also face pressure; conversely, if they stabilize and rebound, it could lead to a slight increase in Bitcoin. This correlation has been becoming increasingly close recently.