$BTC is consolidating above the short-term moving averages after tagging $89,355, which confirms strong acceptance at higher prices. Every dip is being bought quickly and candles are closing above support. This sideways action is not weakness, it is distribution of positions to stronger hands. As long as $87,800 holds, the upside remains wide open.
EP: $88,000 – $88,600
TP: $90,200 / $92,500 / $96,000
SL: $86,900
$BTC
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