Morning analysis of the Traveler 12.1

Although Bitcoin shows a moderate upward trend, the cautious sentiment in the market has not dissipated. Investors are strongly inclined to take profits after a significant decline in previous periods, which restricts the upward momentum.
Looking ahead, as market sentiment stabilizes, cryptocurrency prices are expected to see a corrective rebound.
Technical analysis shows that the $90,000 level has formed strong support, the short-term upward channel remains good, and the support level is gradually moving up. After experiencing extreme fear sentiment, there is a strong demand for market recovery. Therefore, attention should be focused on the resistance performance at $93,000 in the short term. As long as the $90,000 level is not lost, the upward momentum will continue.
Trading Idea:
Bitcoin: Looking for long opportunities in the 90,000-90,700 range
The target is looking at 92,800-94,000.
Er Bing: Consider doing a do at the range of 2,960-2,990
The target is 3,080-3,170.
$BTC