Famous trader: The Bitcoin pullback is complete, with strong support at $81,000 to $82,000, and the target remains $94,000

Renowned trader Doctor Profit stated that he has opened a long position in Bitcoin at $81,000 with 4x leverage. He believes that the current pullback has completed, with the $81,000 to $82,000 area forming strong support, and he views it as a local bottom, with the next target still at $94,000.

He pointed out that Bitcoin previously rose near $87,000, but the daily RSI high decreased, forming a bearish divergence. After this pullback, the RSI has returned to the area where the previous rebound occurred, and the price has once again touched the orange line in his chart, resembling the pattern when the last local bottom was formed.

Regarding the subsequent path, he expects that first, it is necessary to reclaim $82,000 for confirmation, followed by a consolidation between $82,000 and $88,000, and then a breakout of the range to rise towards $94,000. He anticipates that the $86,000 to $88,000 area will be characterized by accumulation rather than distribution this time, with buying absorbing selling pressure, turning resistance into support.