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Tuesday Bitcoin Morning Insights

A new day, a fresh start, a new day, new opportunities. Do not be afraid of challenges; use your wisdom and courage to conquer every problem and become a better version of yourself.

Last night, the price retraced but then rebounded again, remaining within the range of oscillation. However, the more this operation continues, the clearer it becomes. To be honest, under the current rhythm, both long and short positions can yield profits as long as the price doesn’t break key levels. It is indeed a good time to accumulate. After the high short strategy was realized last night, the price of the coin stopped rebounding after reaching a low of 93300, and the trend generally met expectations. In fact, finding the right pressure and support areas in this rhythm is essential; avoid chasing one-sided trades by following the highs and lows. Profits can still be relatively straightforward.

The 4-hour technical analysis shows that Bitcoin has reached the upper Bollinger Band in the oscillation zone, currently oscillating around 95050, possibly preparing for a downturn.

The upper resistance levels are at 95500, 96000, and 97000 in succession. If they do not break, one can continue to attempt to enter short positions, with a stop-loss above 96000. Focus on the 93000-93500 area below!