Bitcoin has successfully broken through the long-term consolidation range of 90,000 to 94,000, creating a new high in nearly two months. From a daily chart perspective, the bullish arrangement is already very clear, and the current pullback is just the market digesting the previous profit-taking.



In the short term, the bullish trend still maintains strong momentum. This means that future trading strategies can focus on small-scale pullbacks for layout. Specifically, one can wait for the price to dip to around 94,500 support level before entering long positions, leaving enough room for risk management.

As for the take-profit target, it is recommended to continue aiming for the vicinity of 98,000. Such a target setting considers the current upward momentum and also leaves ample room for subsequent possible movements.
BTC-0,33%
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