Bitcoin initiated a sharp upward movement from the $90,950 level yesterday morning, reaching as high as $93,900 during the midday session before entering a consolidation phase. In the evening session, the price experienced a brief pullback, bottoming out at $91,650. Afterward, it accumulated momentum within the consolidation range following the US stock market open and resumed its upward trajectory. As of now, Bitcoin has surged to around $94,180, marking a new recent rebound high. On the daily chart, after four consecutive days of retracement, Bitcoin has posted two strong bullish candles in a row, indicating that a bottom reversal pattern is gradually forming and bullish sentiment is notably recovering. Multiple clear technical signals point to strengthening momentum: first, the lower Bollinger Band has turned upward, signaling that short-term bottom support has been effectively confirmed and the downside risk has narrowed significantly; second, the KDJ indicator has formed a golden cross at a low level and continues to diverge upward, with bullish momentum steadily building and being released, providing ample fuel for further price increases. Currently, Bitcoin’s price action is resonating positively with short-term momentum. Both price breakouts and technical indicators are showing strong and stable performance, suggesting a high probability for a continued upward trend. Based on this analysis, a low-buy strategy around key support levels is recommended for early trading. $BTC
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Bitcoin initiated a sharp upward movement from the $90,950 level yesterday morning, reaching as high as $93,900 during the midday session before entering a consolidation phase. In the evening session, the price experienced a brief pullback, bottoming out at $91,650. Afterward, it accumulated momentum within the consolidation range following the US stock market open and resumed its upward trajectory. As of now, Bitcoin has surged to around $94,180, marking a new recent rebound high. On the daily chart, after four consecutive days of retracement, Bitcoin has posted two strong bullish candles in a row, indicating that a bottom reversal pattern is gradually forming and bullish sentiment is notably recovering. Multiple clear technical signals point to strengthening momentum: first, the lower Bollinger Band has turned upward, signaling that short-term bottom support has been effectively confirmed and the downside risk has narrowed significantly; second, the KDJ indicator has formed a golden cross at a low level and continues to diverge upward, with bullish momentum steadily building and being released, providing ample fuel for further price increases. Currently, Bitcoin’s price action is resonating positively with short-term momentum. Both price breakouts and technical indicators are showing strong and stable performance, suggesting a high probability for a continued upward trend. Based on this analysis, a low-buy strategy around key support levels is recommended for early trading. $BTC