#BTC

After the price retraced to the 20-day moving average of $79,200 during this correction, it was quickly pulled back by funds, indicating that the bulls are still actively defending.
In a trending market, the 20-day moving average itself is a very important short-term strength and weakness dividing line.
Next, the focus is still on $84,000.
If this level can be truly broken and stabilized, it indicates that this round of rally has not ended, and funds are still pushing higher.
Following this structure, the first target above is $92,000, then higher is $97,924.
But there is also a risk point here.
If the price falls back again later and breaks below the 20-day moving average, it means that short-term profit-taking at high levels has begun, and market momentum will weaken.
In this case, the correction may deepen, first looking at the 50-day moving average of $74,760, and then possibly testing even lower support levels.
So my own approach is to hold the 20-day moving average and continue to view the structure as strong;
If it breaks below the moving average, slow down the pace and wait for the market to re-confirm the direction.