Last Friday, Bitcoin surged to around 92,000 before pulling back, now fluctuating around the 90,000 level. Overall, the trend remains dominated by consolidation.
From the daily chart perspective, after the adjustment last Tuesday, there have been no new lows in the past two days, and the price has stabilized near the moving averages. It seems that the large capital controlling the market is almost exhausted. On the four-hour chart, the MACD momentum is also weakening, but a golden cross has formed. This gives us a signal — the upward trend may be brewing.
Based on this judgment, there is a high probability of another rally after the market opens on Monday. However, a short-term pullback before that is a normal part of the rhythm.
For operational advice, consider deploying in batches if the price retraces to the 89,800-90,600 range. Focus on the resistance levels at 91,600 and 93,500. If these can be broken effectively, the subsequent space could be quite substantial.
Stay attentive to market movements and ensure proper risk management.
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Last Friday, Bitcoin surged to around 92,000 before pulling back, now fluctuating around the 90,000 level. Overall, the trend remains dominated by consolidation.
From the daily chart perspective, after the adjustment last Tuesday, there have been no new lows in the past two days, and the price has stabilized near the moving averages. It seems that the large capital controlling the market is almost exhausted. On the four-hour chart, the MACD momentum is also weakening, but a golden cross has formed. This gives us a signal — the upward trend may be brewing.
Based on this judgment, there is a high probability of another rally after the market opens on Monday. However, a short-term pullback before that is a normal part of the rhythm.
For operational advice, consider deploying in batches if the price retraces to the 89,800-90,600 range. Focus on the resistance levels at 91,600 and 93,500. If these can be broken effectively, the subsequent space could be quite substantial.
Stay attentive to market movements and ensure proper risk management.