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I just looked at the trend. After rebounding from the 89,300 support level, Bitcoin's lows have clearly been raised. It is now exploring within a sideways upward channel. The price has moved back above the short- and medium-term moving averages, which are all aligned in a bullish configuration. The overall trend still leans towards the upside.
Volume is a key factor. Recently, during this rebound, trading volume has been increasing, with bullish candles clearly surpassing bearish ones. This indicates genuine buying pressure driving the rally, not a weak rebound caused by declining volume. There is actual capital entering the market to support the move, making the trend more reliable.
From a technical perspective, the Bollinger Bands remain expanding upward, with the price operating near the upper middle band. Each pullback to the middle band has found support. The MACD stays above the zero line, and volume bars show no signs of divergence. The bullish momentum continues. The short-term correction appears to be a healthy consolidation rather than a sign of trend reversal.
Attention should be paid to the area between 92,500 and 93,000. This zone is not only a dense trading area from previous highs but also coincides with the upper Bollinger Band and short-term emotional pressure. A volume breakout above this zone could further open the upward space; if volume diminishes, it may enter a phase of high-level consolidation to digest gains.
In terms of trading strategy, Bitcoin can be gradually accumulated on dips around 91,000 to 90,500, with the initial target near 92,500. If it breaks through, continue chasing higher. Ethereum also presents a good entry opportunity on dips around 3,050 to 3,000, with a target near 3,200.