$BTC Bitcoin's upward movement reflects market mechanisms involving leverage (short squeeze risk), whale movements, and technical rebounds. While there are many positive signals in the short term, resistance at the 30-day moving average and the short closing zone at $93,000 will test market confidence.
What to watch: Can Bitcoin hold above $89,046 with increasing trading volume? If not, profit-taking could push it down to $85,868 (78.6% Fibonacci level)
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$BTC Bitcoin's upward movement reflects market mechanisms involving leverage (short squeeze risk), whale movements, and technical rebounds. While there are many positive signals in the short term, resistance at the 30-day moving average and the short closing zone at $93,000 will test market confidence.
What to watch: Can Bitcoin hold above $89,046 with increasing trading volume? If not, profit-taking could push it down to $85,868 (78.6% Fibonacci level)