The Bitcoin moving averages and Bollinger Bands are showing a synchronized upward trend, with the middle band of the Bollinger Bands turning from flat to rising, establishing support and moving upward in tandem with the price trend, indicating that short-term bullish momentum continues to strengthen.
During the volume-driven rally, trading volume increases significantly, with clear signs of active capital inflow; subsequently, during the technical correction phase, trading volume quickly contracts, reflecting a market with strong reluctance to sell, and the bullish position structure remains relatively solid, further confirming the trend continuation.
It is recommended to go long around 92,000 and 91,500, with the initial target at 94,500, and a breakout to the upside at 96,800.
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The Bitcoin moving averages and Bollinger Bands are showing a synchronized upward trend, with the middle band of the Bollinger Bands turning from flat to rising, establishing support and moving upward in tandem with the price trend, indicating that short-term bullish momentum continues to strengthen.
During the volume-driven rally, trading volume increases significantly, with clear signs of active capital inflow; subsequently, during the technical correction phase, trading volume quickly contracts, reflecting a market with strong reluctance to sell, and the bullish position structure remains relatively solid, further confirming the trend continuation.
It is recommended to go long around 92,000 and 91,500, with the initial target at 94,500, and a breakout to the upside at 96,800.