Bitcoin surged to 91,000 last night but faced resistance and pulled back. Short-term longs took profits. The current pullback is a technical correction and not a trend reversal. Price remains within the 4H upward channel, and the bullish structure remains intact. Key support: 89,000–88,500 Trading idea: Buy on dips around 89,000 in batches, with a short-term target of 94,000. Exit if it falls below 87,000.
Weekend consolidation is expected, and next week will likely continue to trend upward.
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#BTC Market Update:
Bitcoin surged to 91,000 last night but faced resistance and pulled back. Short-term longs took profits. The current pullback is a technical correction and not a trend reversal.
Price remains within the 4H upward channel, and the bullish structure remains intact.
Key support: 89,000–88,500
Trading idea: Buy on dips around 89,000 in batches, with a short-term target of 94,000. Exit if it falls below 87,000.
Weekend consolidation is expected, and next week will likely continue to trend upward.