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From the market perspective, Bitcoin surged to 90,500 in the morning before pulling back to around 89,600, which is a healthy consolidation in an upward trend. The price found support at the key moving averages on the hourly chart and did not break below the strong support zone of 89,000-89,300 with increased volume, indicating that the bullish pattern remains intact. The current pullback is more likely to be a preparation for the next upward move.
Technical indicators also support a bullish outlook: the hourly RSI has recovered from overbought territory to neutral, and the MACD momentum remains above the zero line. Support levels below are solid, and the early attempt to test previous highs has opened room for upward movement. If the price can hold above 89,600, it may challenge the 90,500-91,000 zone again in the short term, with a possible further target near 91,800. #加密行情预测 $BTC
Overall, the successful take-profit of long positions in the morning has validated short-term strength. The current pullback provides a good opportunity for observation. In terms of trading strategy, focus on signs of stabilization around 89,600-89,300. If a small-cycle bullish reversal pattern appears, it could be a signal to consider re-entering long positions.