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The recent movement of Bitcoin has been quite interesting. It surged directly to a high of 97,000 a while ago, but started to decline noticeably on the 17th, and is now fluctuating around 95,000. Although I usually focus mainly on the news and events, I also need to consider the technical aspects.
As of 11 a.m., if the price can hold above 95,600, then the previous high of 97,000 becomes a clear target. But if it falls below 95,000, then the trend shifts to bearish, with partial profit-taking down to the 92,000 range.
Basically, the 95,000-95,600 zone has become the dividing line between bulls and bears. Whether it can stabilize above this level determines the future direction. This is purely a technical trend analysis and does not constitute any investment advice. Everyone should manage their own pace.