Bitcoin closed with a strong upward trend yesterday, officially confirming the breakthrough of the consolidation range. Today, it opened and retested the support of the range, then continued to rise, reaching a peak close to 89,000, which is basically our second target. Short-term traders can consider taking some profits at this level, while those who do not want to take profits can hold above 84,000. The main resistance for Bitcoin moving forward is at 90,000 and the 120-day moving average at 91,700. Currently, Bitcoin still shows an upward trend, and there is a chance it might reach these two levels. Recently, Bitcoin has been somewhat uncorrelated with the U.S. stock market; while the stock market is falling, Bitcoin is not, and instead, it has been rising alongside gold. It might be useful to pay more attention to gold’s movements recently to assist with Bitcoin trading.