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Since New Year's Day, the rebound levels have been continuously upgrading — first at the 3-day moving average, then this week to the 5-day, and next week it should be the weekly chart. This continuous progression is very important.
Currently, the 3-day rebound is still ongoing, with upward momentum still accumulating. Plus, the daily MACD has just broken through the zero line, so since January 1st, I have repeatedly emphasized: focus on long positions before the end of this month, with short-term bearishness as a secondary strategy.
Today, BTC has reached a consolidation zone between 96,000 and 97,850. If it can stabilize above 97,700, the 100,000 mark may be within reach. Resistance is expected in the 98,000-98,800 range above.
The bulls' defensive line is at 95,700. As long as this level holds, the upward push can continue.