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4.24 Thursday Bitcoin Evening Trend Analysis
Bitcoin failed to reach 96,000, will it fall back to the 80,000s again?
From the daily chart analysis, Bitcoin is currently below the range-bound fluctuations. Without external interference, it may continue to oscillate between 91,000 and 92,000. The probability of breaking below the 91,000 support level is very low, and it is more likely to continue upwards after a period of oscillation.
In the short term, the bullish momentum is showing signs of weakening, with the price highs gradually decreasing and the intraday lows constantly breaking down, presenting a weak consolidation pattern.
However, it should be emphasized that the current pullback is a healthy technical correction, and the overall upward trend in the larger cycle has not changed. Evening trading advice suggests maintaining a strategy of buying on dips.
Personal trading suggestion:
Short near 92,500, looking down to 91,500-91,000
Direct buy near 91,500