On Monday, the Bitcoin market moved higher, reaching a high of around 92,400 intraday, continuing the previous bullish trend. Previously, the bull has consistently maintained a bullish outlook, despite some ridicule from others. I believe friends who frequently follow the bull know that the bull is not "arbitrary" or baseless in favoring the bulls.
From the 4-hour technical perspective, Bitcoin currently shows a strong pattern, but the 92,500 level faces significant resistance, and a breakout likely requires a technical correction. Historical trends indicate that each technical retracement of Bitcoin has been an opportunity to accumulate momentum for subsequent upward movement.
It is recommended to go long around 90,500 and 91,000, with the first target at 92,500, and a breakout aiming for 95,000.
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On Monday, the Bitcoin market moved higher, reaching a high of around 92,400 intraday, continuing the previous bullish trend. Previously, the bull has consistently maintained a bullish outlook, despite some ridicule from others. I believe friends who frequently follow the bull know that the bull is not "arbitrary" or baseless in favoring the bulls.
From the 4-hour technical perspective, Bitcoin currently shows a strong pattern, but the 92,500 level faces significant resistance, and a breakout likely requires a technical correction. Historical trends indicate that each technical retracement of Bitcoin has been an opportunity to accumulate momentum for subsequent upward movement.
It is recommended to go long around 90,500 and 91,000, with the first target at 92,500, and a breakout aiming for 95,000.