The three-day Bitcoin has risen strongly, breaking the 90,000 level and briefly reaching around 94. Currently, it has also shown a significant reversal, with the 94 level being a key resistance. For those looking to position themselves for a downward move, this level is now a good entry point! Continuous highs will likely be followed by some appropriate pullbacks, so there's no need to rush for now.
From a technical structure perspective, the resistance level above is around 94, while the support below is at 87. Looking at the 4-hour chart, a large bullish candle continues to rise, basically not giving many entry opportunities. This wave of cleansing is nearly over, and there should be some degree of pullback adjustment in the next couple of days. However, market sentiment is high, and in the future, we should still follow the trend and continue to look upwards.
Bitcoin trading suggestion: Near 93,500, take a downward position.