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Trader Hero - Old Zheng's Friday Morning Insights
The price of Bitcoin has started a step-by-step rise from the 85200 line. Yesterday, a long bullish candle with increased volume broke through the previous consolidation range, clearly announcing the validity of the breakout, with the main funds having completed their directional choice. The current price is consolidating in the 91000 area, which is a typical continuation pattern, aimed at digesting short-term profits and completing a handover to build up momentum for the next upward move.
The 90,000 level below forms an important support level. As long as this position is not lost, the bullish trend structure remains intact, and the market is expected to rely on this support to move higher.
Buy Bitcoin around 90000-90500, target to look at.
Around 91600-92500, if it breaks through, continue to look at 93000.
Auntie, buy more around 2900-2950, with a target of 3000-3050, and if it breaks through, continue to look at 3150.
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