Will Bitcoin Challenge the 94,000 Level Again?‼️‼️‼️
This morning’s surge is exhilarating. Bitcoin has risen about 1.63% in the past 24 hours, not only reclaiming the 90,000 mark but even briefly surpassing 91,000.
Currently, Bitcoin is at a crucial technical juncture, with dreams above and a defensive line below.
Key Resistance Zone (92,000 - 95,000): This is the core area that will determine whether the rebound can evolve into a reversal. On one hand, the area around 92,000 has gathered resistance from several recent rebound highs; on the other hand, the broader 95,000 to 100,000 range is widely seen as the strong resistance dividing bull and bear markets. Only a sustained breakout with high volume through this zone will truly ignite market confidence.
Life Support Zone (87,000 - 88,000): This is the line that the bulls absolutely must not lose. This area is not only a recent high-volume trading zone, but also coincides with the 0.382 Fibonacci retracement of a recent uptrend, making it technically significant. Holding this zone could trigger a rebound towards 92,000, but if it’s lost, it could open the door for a drop towards the 85,000 or even 80,000 support levels.
When heavy rain pours, some see mud, others wait for the rainbow. Your perspective determines whether you’re a victim or a game changer. $BTC $ETH #反弹币种推荐
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Will Bitcoin Challenge the 94,000 Level Again?‼️‼️‼️
This morning’s surge is exhilarating. Bitcoin has risen about 1.63% in the past 24 hours, not only reclaiming the 90,000 mark but even briefly surpassing 91,000.
Currently, Bitcoin is at a crucial technical juncture, with dreams above and a defensive line below.
Key Resistance Zone (92,000 - 95,000): This is the core area that will determine whether the rebound can evolve into a reversal. On one hand, the area around 92,000 has gathered resistance from several recent rebound highs; on the other hand, the broader 95,000 to 100,000 range is widely seen as the strong resistance dividing bull and bear markets. Only a sustained breakout with high volume through this zone will truly ignite market confidence.
Life Support Zone (87,000 - 88,000): This is the line that the bulls absolutely must not lose. This area is not only a recent high-volume trading zone, but also coincides with the 0.382 Fibonacci retracement of a recent uptrend, making it technically significant. Holding this zone could trigger a rebound towards 92,000, but if it’s lost, it could open the door for a drop towards the 85,000 or even 80,000 support levels.
When heavy rain pours, some see mud, others wait for the rainbow. Your perspective determines whether you’re a victim or a game changer. $BTC $ETH #反弹币种推荐