Yesterday, I positioned long trades around 90K. The price moved up to the 92K zone, completing a partial profit-taking phase, and the gains from this wave have been successfully realized. Currently, the price continues to fluctuate around the 92K level. Based on trading volume and capital activity, the overall strength is clearly better than yesterday afternoon, and the bullish structure remains intact.
From a structural perspective, 92K is only a secondary resistance level during the upward process, not a trend reversal point. The key factor that truly determines whether the market enters an acceleration phase is the effective breakout and stabilization above 94.2K.
The trading plan remains unchanged, with a generally bullish outlook: If in the evening, the price retraces to around 91.2K and finds effective support, or if it directly stabilizes above 92.2K with increased volume,
I will consider gradually re-entering the previously closed positions and continue to follow the trend.
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$BTC Market Tracking and Trading Strategy
Yesterday, I positioned long trades around 90K. The price moved up to the 92K zone, completing a partial profit-taking phase, and the gains from this wave have been successfully realized.
Currently, the price continues to fluctuate around the 92K level. Based on trading volume and capital activity, the overall strength is clearly better than yesterday afternoon, and the bullish structure remains intact.
From a structural perspective, 92K is only a secondary resistance level during the upward process, not a trend reversal point.
The key factor that truly determines whether the market enters an acceleration phase is the effective breakout and stabilization above 94.2K.
The trading plan remains unchanged, with a generally bullish outlook:
If in the evening, the price retraces to around 91.2K and finds effective support, or if it directly stabilizes above 92.2K with increased volume,
I will consider gradually re-entering the previously closed positions and continue to follow the trend.