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A new week begins, and looking back at last week's market performance, Bitcoin gradually entered a high consolidation phase after reaching a new high. This morning's performance was quite strong, with the price repeatedly testing the 92,000 level. The bullish activity remains noteworthy. From the 4-hour chart, the Bollinger Bands maintain an upward structure, with K-lines steadily rising along the upper band. The appearance of consecutive bullish candles further confirms the bulls' control of the market, and the overall upward trend remains intact.
From a trading perspective, following the trend is a more stable approach. However, it's better to wait for the price to retrace and consolidate before entering long positions, which will improve the win rate. In the short term, the 91,000-91,500 range can serve as an entry point for longs, with the upper target set between 93,000 and 94,000.