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Saturday morning market outlook
Time flies, and in the blink of an eye, the weekend has arrived. Wishing everyone a happy weekend.
Yesterday, the market was originally trending gently, but in the evening, it experienced a surge of bullish activity, with prices breaking through the 93000 mark. However, after just reaching that level, it could not maintain the upward momentum. With the pullback during the early morning hours, the price of "Bitcoin" dipped to around 90100, and it is currently oscillating around the 91000 level.
From a short-term perspective, the rebound strength after the pullback is relatively limited. In the short term, it is advisable to focus on pullback opportunities: it is suggested to set up short positions in the range of 91300-91800, with the initial target at the 90000 level; if this level holds without breaking, one could consider reversing to long positions; if it effectively breaks down, then continue to hold for further downward space.