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Bitcoin's recent trend remains quite promising. Yesterday, it first experienced a round of weak correction, but by evening, the bulls suddenly gained momentum, and the price rebounded sharply to around $91,600. This upward push was indeed quite strong.
From the 4-hour chart, the price showed a brief pullback during its ascent, followed by a quick stabilization, with consecutive bullish candles, indicating a clear buying capacity among the bulls. This suggests that the market's confidence at the current price level is still relatively high.
Currently, Bitcoin is in a range-bound consolidation phase, with both bulls and bears still vying for control. However, from the trend perspective, the downward adjustment space is actually limited, and the short-term upward trend led by the bulls has not changed, laying a foundation for subsequent upward movement.
If you are optimistic about the future market, you might consider establishing long positions near the two key support levels at 90,000 or 89,200. These positions are good entry points with relatively manageable risk. The current accumulation phase is critical, and patiently waiting for confirmation signals will be more reliable.