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BTC is currently experiencing a rebound from the oversold condition on the 2-day chart, with prices oscillating around the EMA52 zero line. From the current technical pattern, as long as it can break through the 94555 resistance, there is a chance to continue upward to the 96710-98888 range. However, the bullish risk is gradually becoming apparent.
The rebound strength on the 2-day and 3-day charts is still present. If the rebound is insufficient, it may directly drop to a relatively low level. In this case, don't rush to cut losses; instead, it's an opportunity to rebuild positions. The support levels to watch below are: 90599 as the first level, 88100 as the second, and below that is 86760.
My own spot holdings have already started to gradually reduce positions, mainly to see how the market develops later. If the direction becomes clear, I will then find suitable entry points based on the technical pattern. In the short term, focus on observation and don't be scared by volatility.