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Today, the US stock market opened slightly higher, and market sentiment remains decent. The most interesting part is on the Bitcoin side, where trading volume has significantly increased, but the price has been hovering around 89,000, consolidating sideways all day.
This level is indeed a bit tricky; despite the increased volume, there hasn't been an effective upward breakout, which is not very satisfying. Either accumulation continues, or the market has disagreements here. It feels like the next move depends on whether it can hold this key level. If it breaks down or breaks out in the opposite direction, it will be quite significant.
What do you all think about this trend? Continue bullish or be more cautious?