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Before the Bitcoin Sugar Orange hits the 100,000 mark, there will definitely be a pullback! Be patient and wait; only then will the opportunity be stable!
Currently, the price of Bitcoin Sugar Orange is anchored around 95,200. At 4:45 AM Beijing time, the more the market pushes higher, the more volatility will increase—that's the iron law of the crypto world!
The current trend clearly shows a rising flag pattern. The key is whether the pullback can hold the neckline at 95,000—if it doesn't break, the upward momentum won't fade! The market is nearing the end of this week; the future direction depends on the final position after this sideways consolidation.
On the daily K-line, the highest touch before publication was 97,150, and the lowest dipped to 95,089. The EMA trend indicator remains bullish but is in a contracting state; strong medium-term support at 94,000 remains firm. MACD continues to increase volume, but the pace of DIF and DEA spreading upward has noticeably slowed. Notably, the EMA60 trend support precisely corresponds to 95,200, combined with the Fibonacci 0.618 support level. Under the resonance of these dual supports, multiple good entry opportunities for going north have already appeared! The upper Bollinger Band resistance is at 96,600. Although the current K-line has retreated into the channel, the overall bullish trend framework remains solid.
Looking at the four-hour K-line, the rising flag pattern is even more distinct! EMA30 and the Fibonacci 0.618 level form a strong support zone at 94,200. MACD shows signs of top divergence, with volume decreasing simultaneously, but the K-line has already touched a strong support area. The middle Bollinger Band support is at 94,500. In the short term, the correction from 96,000 down to 94,500 is clear; although the space isn't large, it is enough to be profitable.
Trading suggestions: Aggressive traders can lightly position themselves to play the rebound after this short-term correction; conservative traders should patiently wait for the pullback to confirm support before taking a long position—this is the key!