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Bitcoin's recent market movement, let's discuss the possible future trends and the risks to watch out for.
From the daily chart perspective, it has been oscillating for nearly two months within a wide range of 84,000 to 94,000 points. The weekly chart has broken through the original channel but also formed a demand zone. Both levels have key positions worth paying attention to: 9.4 and 9.9, one possibly indicating a low-level start, and the other helping to judge market strength.
Specifically, 8.9 is a recent key point for upward attack and defense. Breaking through this level could lead to testing around 9.85, with confirmation signals at 9.29. But the biggest trap here is—there's a high chance of a false breakout near 9.85, which can scare traders with a fake move.
Therefore, from a short-term trading perspective:
Support levels are at 8.9 and 8.7
Resistance levels are at 9.29 and 9.45
Combining the oscillation range on the daily chart with these key levels, the two structural turning points on the daily and short-term charts are the real trading points. Focus on fake break behaviors near the expected target zones.
For spot holders, there's no need to fuss; stick to your established plan. Once the target is reached, go ahead and act—don't wait.