Bitcoin is currently in a consolidation range of 90,000-92,000, with the upper area of 93,000 being a previous high-density trap zone. The price had previously risen to this level before facing downward pressure.
The market trading over the weekend was light, with relatively insufficient liquidity. From the current distribution of chips, large holders have not yet shown significant selling actions, and the overall structure remains relatively stable.
In the short term, the focus is on the support level of 88,000. As long as this level is not effectively broken, the rebound trend is likely to continue. If the trend stabilizes, the target for this round of rebound can be seen around 95,000. It is recommended to remain patient and pay attention to the performance at key positions #BTC .
The market trading over the weekend was light, with relatively insufficient liquidity. From the current distribution of chips, large holders have not yet shown significant selling actions, and the overall structure remains relatively stable.
In the short term, the focus is on the support level of 88,000. As long as this level is not effectively broken, the rebound trend is likely to continue. If the trend stabilizes, the target for this round of rebound can be seen around 95,000. It is recommended to remain patient and pay attention to the performance at key positions #BTC .