The trend of Bitcoin in the past hour has been quite strong, starting from 83786, it rebounded and rose to 94185. Now, it's normal to see fluctuations at a high level as an adjustment to digest the gains, which does not indicate a shift to a downward trend.
Currently, the price is fluctuating around 92500. Overall, it's oscillating on a high-level platform. As long as there isn't a large sell-off to drive the price down, the upward trend remains stable. Moreover, each subsequent low during pullbacks is getting higher, indicating that there is significant capital buying at lower levels, and investors are not looking to exit; the upper resistance is at 93800-94200, while the key support is at 91500-92000.
In terms of operations, it's more prudent to wait for a pullback before buying: if the price stabilizes around 91500-92000, you can buy on the upside, initially targeting 93500-94500. If it can continue to break through, it might even rush to 95500; if it rises to around 94000-94500 and shows signs of stagnation, you can also take a short position, but you must act quickly.
Overall, Bitcoin is still in a sideways adjustment phase after a strong upward trend, and the main strategy is still leaning towards buying on the upside. Don't chase after buying at high levels; wait for a pullback to provide opportunities for operations.
