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Regarding Bitcoin, after the recent peak of $94,740, the price began to decline. Yesterday morning, the market found support around $91,250 and started to rebound, then climbed to $93,800. However, this level failed to break through effectively, instead forming a double top pattern, which triggered a new wave of selling. From yesterday's daytime session through the night, Bitcoin continued to decline significantly until early this morning, when it briefly stabilized around $90,600. From a technical perspective, the current 4-hour candlesticks have consecutive lower shadows, indicating some buying support below, and no effective solid break has occurred yet, suggesting the market is in a short-term correction phase. For today’s daytime trend, $92,200 will be the key resistance level. If this level cannot be broken effectively, the price is likely to continue falling during the session. Attention should be paid to the support levels at the round number $90,000 and at $89,500, as these will be critical for the bulls to hold their ground in the short term. $BTC
BTC0,04%
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BullAndBearBattlevip
· 01-08 01:28
Hold on tight, we're about to take off 🛫
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