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Based on the recent BTC trend, the market is operating roughly as expected. Last night's pullback was quite precise, with the long entry point set at 89,305 being filled at 89,268U, perfectly capturing the low point. This position happens to be the final support level of the descending wedge pattern, which has now completed, marking the end of the decline.
The next direction is quite clear. From a technical perspective, the descending wedge is a bullish signal, indicating a higher likelihood of a rebound. Even more interesting is the appearance of a head and shoulders bottom pattern on the smaller timeframe chart, which further reinforces the certainty of a rebound. The resonance of these two bullish signals makes reaching the target of 93,000 quite feasible.
Currently, these long positions are already floating with a profit of over 2,000 points. The suggested trading approach is: those with lighter positions can continue to hold with stop-losses in place to protect the principal; if holding heavier positions, consider gradually reducing the position to lock in some profits. The market trend is still in the validation stage, so maintaining flexibility and adjusting accordingly is always a good idea.