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Bitcoin latest situation + support resistance level sharing!!! #BTC $BTC
🚨 Market characterization: US stocks opened strong, breaking through 89,000 confirming strength
Latest update: The current market is very positive. Compared to last night's 87,900, BTC received a significant inflow of funds after the opening of the US stock market (22:30) and successfully broke through the 89,000 short-term resistance level.
Pattern Analysis:
V-shaped reversal established: From the low of 84,500 on the 19th to now, it has formed a standard V-shaped reversal.
Key signals: At this time, the price is stable above 89,000, indicating that the weekend's consolidation has ended, and the bulls are once again in control. The current rise is not a "dead cat bounce," but an attack supported by volume.
Current logic: The performance of the US stock market at the opening is decent, and the risk appetite in the crypto market is rising. The current goal is very clear - to test the watershed of 90,500. As long as it doesn't drop below 88,500 tonight, the short-term bullish outlook remains unchanged.