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The recent movement of BTC has indeed been quite extreme. Yesterday, it was around 90,400, which scared many people, with a lot of voices shouting "breakdown" and "false breakout," and quite a few traders cut their losses and exited. But if you've been paying attention to this market, you should know how important the 90,000 level is— as long as it hasn't been effectively broken, the bulls still have reasons to rebound.
After a night, things changed. When the Asian session opened, BTC surged directly, not only recovering all the losses but also pushing up to a new daily high of 91,876. That bearish candle from yesterday was completely wiped out. What's behind this? It's simple: the main players completed their chip switching in the 90,000 to 91,000 range, clearing out the weak-handed retail traders who were unsettled. The current market is indeed cleaner now.
The most interesting part is the price zone between 91,500 and 91,600. Yesterday, it was a strong resistance, suffocating traders, but after breaking through today, its nature reversed— from resistance to support. This is the classic top-bottom reversal often discussed in technical analysis. Once confirmed, the subsequent upward space tends to be smoother. It's a bit like a tricky question during a mock exam that actually becomes a scoring point in the real test.
For subsequent operations, these key levels are worth paying attention to: 91,500-91,600 now serve as new support, and above that, 92,000 is a psychological barrier. If you're still unsure how to act, consider noting these levels—they are often more accurate than predictions from big influencers.