Bitcoin, from a structural perspective, continues to operate firmly within an upward channel. The short-term moving averages remain in a bullish alignment, and the medium-term trendline provides effective support. During the correction phase, buying interest near key levels shows signs of absorption, indicating that the bullish momentum has not yet exhausted, and the overall market sentiment remains optimistic.
Overall, the current market is in a healthy accumulation phase during the upward movement, and the brief correction has not changed the trend direction. Once the consolidation is sufficient, it is expected to continue the previous upward pace and once again test the resistance zone.
Suggestions are to go long around 92,000 and 92,500, with targets initially at 95,000, and if broken, aiming for 97,000.
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Bitcoin, from a structural perspective, continues to operate firmly within an upward channel. The short-term moving averages remain in a bullish alignment, and the medium-term trendline provides effective support. During the correction phase, buying interest near key levels shows signs of absorption, indicating that the bullish momentum has not yet exhausted, and the overall market sentiment remains optimistic.
Overall, the current market is in a healthy accumulation phase during the upward movement, and the brief correction has not changed the trend direction. Once the consolidation is sufficient, it is expected to continue the previous upward pace and once again test the resistance zone.
Suggestions are to go long around 92,000 and 92,500, with targets initially at 95,000, and if broken, aiming for 97,000.