On the four-hour chart for Bitcoin, a V-shaped reversal has started from the recent low, accompanied by relatively active trading volume. If it can effectively break through the previous high and key resistance at 95,000 within the day, the bulls will open up a new round of upward movement, entering a strong continuation phase. Otherwise, the market will likely maintain a choppy upward trend, testing higher levels in a two-steps-forward, one-step-back manner.
It is recommended to go long around 92,500 and 93,000, with an initial target of 94,500. If it breaks through, look for 96,800.
$BTC #晒出