Let's take a look at today's market analysis. Bitcoin has broken through the range we mentioned of 83,000-86,000.
This has resulted in a nearly 10,000-point rally, which we have fully captured.
The long positions have been fully realized, and the market is moving exactly as we anticipated. Congratulations to all the supporters; currently, the Bitcoin price is running in the range of 93,000 to 95,000, which we mentioned in previous videos about breaking through 83,000 to 86,000.
The price was expected to reach 88,000 to 90,000, and then 93,000 to 95,000, and it has indeed arrived in this range.
We are currently seeing consolidation and fluctuation in this range. There are two points to note: the first is to consolidate around 93,000 before continuing to break through the box range and further rise to 96,000. At that time, there will be a strong resistance in the range of 96,000 to 98,000. For those interested, you can still position your short-term long positions in this range.
From the current trend, the upward trend is very clear. Next, we just need to follow the strategy of continuing to enter long positions after this pullback.
The next position for entering long positions will be after this wave of increase confirms a pullback. The range of 88,000-90,000 has not seen a pullback yet, and there will be a futures gap for Bitcoin. We just need to pay attention to whether there will be a short-term pullback to this gap.
Personally, I think if there is a pullback to this gap, it will be a good position for us to enter long positions. We should focus on the range of 88,000 to 90,000. If the price falls below 88,000, we should exit our short-term long positions and observe, considering entering again after the price stabilizes. If this range does not break, we will continue to look upward, and there will still be a potential rally of 7,000 to 8,000 points to 96,000 to 98,000. This is today's market analysis for Bitcoin.
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