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.
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StillBuyingTheDip
· 11h ago
Last night's rebound was truly amazing; the bulls' move was absolutely flawless.
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ApeWithNoChain
· 01-11 03:40
91600 wasn't even maintained, and now they're still just telling stories there.
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JustHereForMemes
· 01-09 05:53
The rebound at 91,600 was indeed strong, but I still need to see if 89,200 can really hold before I believe it.
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ser_we_are_ngmi
· 01-09 05:51
The rebound at 91,600 was indeed quite strong, but I still want to wait until it breaks 92,000 before getting in.
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LazyDevMiner
· 01-09 05:47
The rebound strength of 91,600 is quite strong, but I'll wait a bit longer before jumping in, worried about chasing too high.
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ConsensusDissenter
· 01-09 05:43
91600, this rebound is indeed fierce, but I'll wait and see. I feel the bulls aren't that determined.
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rekt_but_vibing
· 01-09 05:34
The 91,600 rebound is indeed fierce. I just want to see if it can push higher.
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.