The daily trend of Bitcoin shows a strong pattern, with the price consistently operating above the middle band of the Bollinger Bands, demonstrating the advantages of bullish control.
Previously, when the price touched the support level of 93,500, it briefly showed signs of breaking down, but quickly rebounded to recover lost ground, showcasing the strong effectiveness of this support level.
Currently, the market performance indicates that the pullback strength is weak, making it difficult for the price to form a sustained downward trend. The bullish forces are solidifying, providing strong support for a subsequent upward breakthrough in the market.