From last night to early this morning, bullish sentiment in the market was fully ignited, with buying power showing overwhelming strength. After breaking through $93,000, BTC did not pause and directly touched above $94,000 this morning, demonstrating strong upward momentum.

The breakout with volume in the $93,000-$94,000 area is highly significant. This zone is not only a strong resistance area from the previous decline but also a key pressure band at the 20-day moving average. A valid breakout here means the bears' defensive line has been breached, and the trend may escalate from a rebound to a reversal.

The price has firmly stood above the short-term moving averages and is starting to challenge the mid-term moving average resistance. The next major technical target is at the Fibonacci retracement level and previous consolidation area of $95,000-$96,000.

The daily RSI has surged from the oversold zone into the strong zone, indicating ample buying momentum and further upside potential.

Resistance levels: $95,500-$96,000 (golden ratio and previous highs), $98,000 (psychological level and stronger technical resistance).
Strong support: $93,000 (newly established breakout support platform), $90,500-$91,000 (bulls’ lifeline).

Trading suggestion: $BTC Enter long positions on BTC price pullback to around $92,600-$93,000, target 🎯 $94,500-$95,500, if breakout continues look for $96,800 #十二月降息预测