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Bitcoin has just experienced a few weeks of consolidation, and today a key breakout finally occurred. With a significant increase in volume, $BTC successfully broke above the upper resistance of the ascending triangle, currently stabilizing above $96,000.
From on-chain data, the buy signals from large holders are quite clear, and this positive accumulation provides strong support for the upcoming rally. As long as the critical support at $94,500 is not broken, this wave of market movement is highly likely to push towards the $100,000 psychological level.
From a technical perspective, we are now in a phase of structural breakout. In this context, participating in the trend would be a relatively wise choice.
For traders looking to follow, here are some reference data:
**Bullish Reference:**
• Entry Range: 96200 – 96800
• Risk Management: Stop loss set at 94500
• First Target: 98500
• Second Target: 100000
The market speaks for itself; the key is to grasp the rhythm.