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Today's market
Daily level: The rebound continues, Bitcoin made a strong move in the early morning, breaking through the resistance level of 89000, reaching above 91000, with a maximum of 91800. Currently, it seems that a 15-minute level pullback may be needed, around 90800-90600. The upper resistance levels for the rebound are 93000 and 94000. If it can stay above 93000 today, it would be a very good result.
On the weekly level, this week we will focus on whether the weekly candlestick can reach 94000. If it does, a weekly bottom formation will occur, signaling a pause in the weekly downtrend, and we will wait for another weekly candlestick to confirm the next steps in the weekly trend. After the weekly candlestick closes, we need to pay attention to the remaining quantities of USDT and BTC on global exchanges to observe whether a large number of bulls are entering the market or if the bearish forces are strengthening again.