Bullish Momentum Accumulates, Breakout ImminentBitcoin / U.S. dollarBITSTAMP:BTCUSDThorne-Current Market Technical Analysis: Bullish Momentum Accumulates, Breakout Imminent The market is currently trading within a consolidation range of $87,500 - $92,000. At $90,900, which lies in the upper - middle part of this range, it boasts an optimal layout advantage characterized by clear support and accessible resistance. The core support levels below are well - structured. The $89,000 - $89,500 range serves as a recent high - volume trading zone. Meanwhile, the $87,500 - $88,000 zone has demonstrated robust buying interest amid recent sharp pullbacks. After two rounds of tests, prices rebounded rapidly to recover lost ground here, making this zone a critical lifeline for bullish defense. On the resistance front, focus centers on the $93,000 - $94,000 interval. A successful breakout above this range will unlock upside momentum, paving the way for a rebound toward $95,000 — the 61.8% Fibonacci Retracement level . The daily chart shows distinct signs of strengthening. The RSI indicator has recovered from the previous oversold zone to the neutral territory. Having broken free from the weak trend without entering the overbought zone, there remains ample room for further upside. For the MACD indicator, the green bars have been continuously narrowing, and the fast and slow lines are on the verge of forming a golden cross . This indicates that selling pressure is gradually fading, and bullish momentum is initially building up. The key moving average system provides solid support. The 200 - hour Simple Moving Average (SMA) hovers around $88,000, with its downward slope becoming increasingly gentle — a signal that selling pressure is abating . Currently, prices are firmly standing above the Middle Band of the Bollinger Bands at $89,300, confirming the short - term strong price structure . On the 4 - hour chart, the 15 - period Exponential Moving Average (EMA) at $90,460 acts as immediate support . Notably, the Bollinger Bands are clearly contracting, which signals that a breakout move is imminent. Historical data reveals that after the emergence of such technical patterns, the probability of a short - term rebound exceeds 70%. Bitcoin trading strategy buy：90000-91000 tp:92000-93000-95000 sl：89000