Today, Bitcoin has been oscillating repeatedly in the 91,600-94,000 range, showing relatively strong momentum and still holding firmly above the 31,000 mark.

In the morning, we went long near 93,800; after the US stock market in the evening, we went long again near 93,600, easily capturing 3,700/130+ points of profit.

Although on Tuesday there was a strong reversal pushing Bitcoin towards the 94,000 mark, it was just a continuation of the rally. The key is to hold above the 93,000 mark, as this is also a previous high. If it cannot hold effectively, there is still a chance of a short-term pullback.

Early morning session:

Continue to go long near 93,600; focus on the 31,600-31,900 range for long positions #BTC