After the market held steady above the key psychological level of 90,000, a classic shakeout and consolidation took place, but the technical structure remains healthy. The current trend is in a reasonable pullback to confirm the previous breakout level of 91,400, showing strong volume and price resonance with increased volume on rallies and decreased volume during pullbacks.
If the price can firmly hold the support zone, the short-term upward channel will be further consolidated. After some consolidation, the market is expected to make another push toward the 91,800-92,000 resistance area, with strong bullish momentum and promising prospects for further gains.
BTC: Consider going long around 90,500-90,000, add at 89,500, target 91,500-93,000
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After the market held steady above the key psychological level of 90,000, a classic shakeout and consolidation took place, but the technical structure remains healthy. The current trend is in a reasonable pullback to confirm the previous breakout level of 91,400, showing strong volume and price resonance with increased volume on rallies and decreased volume during pullbacks.
If the price can firmly hold the support zone, the short-term upward channel will be further consolidated. After some consolidation, the market is expected to make another push toward the 91,800-92,000 resistance area, with strong bullish momentum and promising prospects for further gains.
BTC: Consider going long around 90,500-90,000, add at 89,500, target 91,500-93,000