#数字货币市场洞察 Bitcoin's recent price action is really making people anxious. It's been consolidating here for so long, it's almost suffocating. This sideways movement has dragged on for too long.

Did you see that lower wick in the early morning? It went straight down to the 90,600 support level and immediately bounced back up. Now it's still fluctuating inside that flag pattern. Whether it can continue to rebound today depends on whether it can hold above 92,650. If it holds, it will push toward the upper edge of the flag at 94,300. If it can't hold? Then forget about it.

If it tests the downside again and breaks below the lower boundary of the flag, it's highly likely to retest the early morning low around 90,800. Two dips to confirm the support is effective would set the stage for a move upward.

But if the 90,800 defense line can't hold and is directly broken, then the current bullish structure will completely fall apart. The ensuing correction will be deeper than you expect—the faster it rose, the harsher the pullback will be.

Simply put, 90,800 is the watershed level. If the price tests this area again and manages to hold, you can consider going long.
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