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On Friday's open, Bitcoin continued its high-level consolidation. On the surface, the decline doesn't seem small, but it is stuck at the 95,000 level and can't break through. This is actually very normal—prices surged too quickly recently, and now it's just digesting profit-taking and high-leverage positions, preparing for the next upward move.
From the candlestick pattern perspective, the ascending flag pattern remains intact, with key moving averages supporting from below. The bullish trend hasn't reversed due to these two days of oscillation. In other words, it's a consolidation within an uptrend, and there's no need to be confused by short-term bulls and bears.
The current logic is quite clear. On-chain data shows significant buy orders around the 95,000 level, with large investors continuously accumulating at this position, effectively adding a layer of insurance to the market. Plus, as the pressure from short liquidations eases, upward resistance is gradually being digested. Although the strong resistance at 98,000 still exists, breaking through is just a matter of time. The possibility of reaching the $100,000 mark is increasing.
In terms of trading strategy, keep it simple—mainly buy the dips. For Bitcoin, consider entering around 95,000 and 94,500, with targets at 97,200 and 98,000; for Ethereum, buy around 3,280, targeting 3,400. If the support breaks, continue to follow the trend.