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Today's Market Analysis
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 focus on whether the weekly K can reach 94000. If it can, there will be a bottom formation at the weekly level, marking the end of the weekly downtrend, and we will wait for another weekly bar to confirm the next movement at the weekly level.
After the weekly candlestick closes, it is necessary to pay attention to the remaining quantities of USDT and BTC on global exchanges to observe whether there is a large influx of bulls or if the bearish forces are strengthening once again.