April 23: Bitcoin breaks through the 90K mark: Is it about to reach a critical position to continue moving north or not?

On the daily level, Bitcoin closed with a bullish candle, breaking and stabilizing above 91300. Once a one-sided trend emerges, it won't end so quickly, unless there is a significant pullback during the upward movement. This upward trend is like boiling a frog in warm water; it rises to a certain level before starting to consolidate and repair indicators. If the pullback is not substantial, there will be a strong case for moving north. Once it breaks through the next critical level, it will further move north. The main support level to watch is around 91300; as long as this level holds, one can buy on dips. From various indicators, it shows a bullish pattern except for a few smaller indicators that indicate a need for pullback. In the short term, watch the 92500 level; if it holds, it presents an opportunity to position for northward movement. This evening, focus on the 94500 level; if it doesn't break through, be cautious of a potential pullback. For a detailed analysis, watch today's short video.

Entry Strategy

92500 northward: Risk control 820 points: Target 1500-2000 points: If there is a strong pullback later that is not significant, one can reduce a portion of the position and continue to look upward.

84500 southward: Risk control 520 points: Target 1000 points: Act according to the future market trend.

The perfection of trading practice is not about conquering the market, but about finally understanding oneself.

May everyone who travels in the market be able to accumulate wisdom in the fluctuations and encounter calmness over time. 🌱