BTC Market Analysis

Bitcoin fell again yesterday, with the lowest price touching around 91,500, very close to the strong support level mentioned by the expert below. It can be seen that the recent market has been quite sluggish. After Bitcoin's surge broke above 100,000, it seems to be entering a period of consolidation!

In terms of trends: the smaller timeframes continue to decline, but the extent is not very large. One can wait for a rebound near the strong support at the bottom, focusing on the strong support range of 90,500-90,000 below. The short-term pressure above appears at 94,000, which can also be monitored, as well as the previous rebound high near 95,000!

Trading suggestion: For now, operate based on the range consolidation, selling high and buying low. Today, focus on the lower range of 90,500-90,000, and the upper range of 94,000-95,000!

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