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Wednesday early morning Bitcoin movement is quite interesting. The bulls increased their volume and launched an attack in the evening, with the price quickly reaching a high of 93666. There was a slight pullback afterward, but it found support and stabilized around 93200. From the daily chart perspective, this rebound has been quite strong.
The key now is whether it can continue to break upward. In the short term, Bitcoin is expected to move towards the 94400-95400 range, which is a clear target zone. If it can hold above these levels, there is still room for higher gains.
In terms of relative positioning, major coins like Ethereum are also cooperating. Support is around 3170-3150, with resistance seen at 3220-3250. Overall, the enthusiasm among bulls remains in this rally. As long as key support levels are not broken, there is still potential for further upward movement.