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Yesterday's BTC market can be described as breathtaking. From a low of 89,268 to a surge up to 91,983, a reversal of over 2,700 points, currently oscillating around 91,494.7. This wave of movement is a classic V-shaped reversal, attracting many traders' attention.
Looking at the current situation, the bulls still have some momentum, but the 92,000 resistance level is right there, making a breakthrough difficult. The prediction is that it will continue to accumulate strength within this range. If it faces resistance, a pullback to test the 90,000 support level is highly probable.
For friends interested in trading, I have two strategies:
Bullish approach: Wait for a pullback to the 90,800-91,000 range before entering, with a stop loss below 90,500. The first target is 91,700; if it breaks through smoothly, the second target is 92,000. If 92,000 is also broken, hold onto 92,500 and don't rush to exit.
Bearish approach: Let it surge to the high zone of 91,700-92,000, then enter a short position from there, with a stop loss above 92,500. The first target is 91,250; if broken, continue to watch 91,000, and finally focus on the 90,800 line.
Market changes rapidly; the key is to stick to good stop-loss and risk management, avoid chasing highs or bottom fishing.