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Bitcoin today presents a bullish dominant pattern of oscillation, stabilization, and recovery. It started rebounding from a low around 90125.5 in the morning, with intra-day oscillations climbing and breaking through short-term resistance. The highest point reached was around 90832.6. Currently, trading is near $90644, up 0.14% over the past 24 hours. After a correction triggered by prior ETF fund outflows, the market has gradually returned to a stable upward trend. Ethereum's movement continues to be highly correlated with Bitcoin, showing a steady upward momentum. The market's linked effect further reinforces the bullish atmosphere of mainstream coins.
On the daily chart, after falling from a high of $94600 to around $89300, the price completed a bottoming process. A clear stabilization and rebound structure has now formed. The MACD histogram remains negative but is gradually shortening, indicating that bullish strength is continuously increasing. Although the moving average system still faces short-term resistance, the stabilization pattern has been preliminarily established. The four-hour chart highlights oscillating strength, with prices steadily rising supported by short-term support levels. The KDJ indicator remains neutral to bullish. While 24-hour trading volume has not significantly expanded, the weakening of selling pressure during the correction further solidifies the short-term bullish trend.
The core logic of the current market is clear: bullish forces have gradually accumulated after previous liquidation pressures. The short-term correction is not a trend reversal but a typical consolidation phase to absorb the pressure at the $9000 level, preparing for subsequent upward movement. Combining technical patterns with capital flow recovery trends, the overall trend today has clearly shifted to a bullish stance.
Specific trading suggestions: The main strategy is to focus on retracement-based long positions. Enter on dips within the $89500-$90300 or $88800-$88000 support zones. The short-term resistance target can be set around $91500. A breakout above this level could further push towards the previous significant resistance at $94500.