Breaking through 94,000 clearly indicates an upward trend. As always, chasing after gains is not advisable. Bitcoin has now retraced to the support level of 93,200. Aggressive traders can consider establishing long positions. To continue its upward trend, the targets are around 95,000, 97,300, 102,100, and the extreme top at 107,300. For conservative traders, the best entry point is around 91,700, which is the Fibonacci 78.6% level.
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Breaking through 94,000 clearly indicates an upward trend. As always, chasing after gains is not advisable. Bitcoin has now retraced to the support level of 93,200. Aggressive traders can consider establishing long positions. To continue its upward trend, the targets are around 95,000, 97,300, 102,100, and the extreme top at 107,300. For conservative traders, the best entry point is around 91,700, which is the Fibonacci 78.6% level.