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Bitcoin has hardly moved this week, still hovering around the 91,000 level. Last night, there was another false breakout, and retail traders probably got shaken out several times. Every day, they are cashing out the profits made the day before, and it's unclear if anyone managed to exit at the high in time. Our strategy remains the same: look for opportunities when it rises, and patiently wait when there's no clear direction. From a positional perspective, there is no significant resistance, so we can continue to operate.
From a technical standpoint, the 4-hour chart still shows bullish momentum, although trading volume has indeed decreased somewhat, but it's not a major issue. Bitcoin's retracement has been relatively gentle, without a particularly sharp decline. On the hourly chart, three consecutive bullish candles have already halted the previous downward trend, which is a good sign.
The advice for Bitcoin is as follows: continue to go long around 91,000, with a target directly at 95,000.