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Weekend Bitcoin trading atmosphere remains dull, with the overall market maintaining a narrow range of fluctuations, and prices moving slowly around the 9.5 - 9.6 range. Market sentiment continues to be subdued, and the pace of bullish and bearish battles has slowed!
From the current market perspective, although Bitcoin has experienced a slight decline intraday, the support below remains intact. The previous low around 94,200 has formed a key support level, and this retracement is likely to test that area again. The overall trend has not shown clear signs of weakening, and the head-and-shoulders pattern remains stable. It is recommended to follow the trend and rely on support levels to position for a potential rebound.
Bitcoin retraced near 94,800-94,300, with an upside target of 96,800-97,800.
Altcoins retraced near 3,280-3,240, with an upside target of 3,350-3,430.