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1.6 Cake Sharing
Currently, Bitcoin remains in a stable bullish consolidation pattern, with the daily chart showing a small consecutive positive trend and a golden cross of moving averages forming a complete bullish structure. Institutional funds are flowing back, and the Federal Reserve's interest rate cut expectations provide long-term support.
In the short term, overbought conditions exist, and there is pressure for a pullback. The pullback is mostly healthy profit-taking after capital absorption. It is crucial to monitor ETF fund flows and trading volume changes. A breakout without volume should be approached with caution as a false breakout trap.
Pullback to around 92,600-93,200, with targets of 94,500-96,000 $BTC $ETH