Bitcoin, Early Market Analysis
#BTC The big coin just rebounded to around 94500, facing resistance and starting to pull back. It is currently back around 93800. The recent drop was just due to a slight decline in U.S. stock futures, which pulled the big coin down.
Resistance above for the big coin is at 94500, 95300, 95700, with support below at 93500, 92500, 91500.
The overall trend for the big coin on a larger scale is still upward, but currently, it has rebounded to a high point and is consolidating in the range of 95500-91000. As long as it does not break below 90000, it can be viewed as bullish. Pullbacks to below 92500 down to the 91000 range can be used to gradually accumulate long positions. If it rebounds to 95500 and does not break through, one can consider taking profits.
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