Bitcoin, regarding the recent market technical correction, there is no need to over-worry. After briefly reaching the high of 98,000, due to the lack of effective volume support, the price experienced a natural pullback and is currently showing a stabilization and consolidation around 95,000.



The key point to watch is: although the price has retreated from the high point, it has not broken through the critical support level of the previous bullish pattern, indicating that the current bearish momentum lacks sustainability.

The short-term bullish and bearish dividing line can focus on the 94,000 level. As long as this level can hold, the overall market remains in a consolidation phase after an upward trend, and the medium- to long-term trend structure remains unchanged.

Operational ideas to consider:

If the price approaches around 94,500-95,000, consider entering long positions. Risk control can be set below 93,800. The medium-term target is around 97,500. If an effective breakout occurs, the price can further rise towards the 100,000 mark.
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