Yesterday, the market was relatively flat during the day, with limited price fluctuations for Bitcoin. However, in the evening, the trend strengthened significantly, and the price surged rapidly, reaching a high near 94,500 before starting to pull back. Currently, the market is consolidating around the 92,400 level.
Overall, after a sustained upward move, the market has entered a consolidation phase at a high level. Although there is some short-term downward pressure, the main technical structure still favors the bulls. Going forward, attention should be paid to whether the price can find effective support near key moving averages and previous resistance areas and regain upward momentum.
It is recommended to go long around 92,200 and 91,500, with initial targets at 94,600.
