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Looking at the 4-hour chart of BTC, it's clear. After reaching a high of 98,000 some time ago, the price was hit by negative news and experienced a fierce correction, dropping to a low of 91,800. Interestingly, this rapid decline did not continue to weaken; instead, it found support around 92,000 and stabilized.
The 91,800 level has now become a key support, and the rebound indicates strong buying interest below. Currently, the price is oscillating within a narrow range of 92,000-93,400, essentially accumulating energy for the next move and building momentum for the future trend.
From a technical perspective, after stabilizing at the key support level, all indicators suggest that the oversold condition is about to be corrected. The KDJ is still in the low region, but the J line is showing signs of turning upward, indicating that the short-term oversold state is easing and that rebound momentum is brewing. More importantly, the MACD bearish energy histogram is continuously shrinking, with bearish momentum rapidly diminishing, signaling an imminent shift in the balance of power between bulls and bears.
In this scenario, it is a good strategy to go long around 92,000. The technical indicators suggest a rebound potential toward the 95,000-95,800 range, which can serve as a short-term target.