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Bitcoin has performed quite well recently on the small cycle chart.
The price is climbing step by step, and the support is becoming more solid. It is now steadily standing at the key position of 88k to 89k, and so far, it has hardly encountered any significant resistance. 💪
Even if there is a slight pullback next, the 88k defense line is very likely to hold - the buying power at this position should not be underestimated.
Looking up, the first hurdle to overcome is the annual opening price of 93.7k. However, the real tough battle is still ahead: the area from 99k to 100k, remember? Last time, we couldn't hold this position and dropped straight down to 80k.
Whether it can break through this cursed zone depends on the upcoming volume and market sentiment.