After Bitcoin's significant surge, will it consolidate for a rise or face downward pressure???

The recent positive news all stems from 'Trump', but Trump is crazily pushing his 'TRUMP', just take a look. It is expected to be similar to the pattern at the beginning of the year, as he has made tens of billions of dollars again in this wave. (When the original intention changes, it indicates a time for correction)

The relationship between the US Dollar Index, US stocks, gold, and Bitcoin has been emphasized many times by Ying Jie, where strong remains strong and weak remains weak, following the rise but not the fall, indicating an independent market. Currently, we are in Bitcoin's 'independent' market, and how it proceeds will require some time for adjustment and recovery.

The technical divergence pattern is gradually correcting, currently testing the 92,000 level, which is a key position. Overnight, it just tested here and rebounded to test the 95,000 level again, but today it faced downward pressure.

On the hourly chart, it is in a slow decline, with the focus on the four-hour chart, where consecutive bearish candles are forming. The downward momentum is not strong unless there is a direct pullback that negates the large bullish candle's starting point from the previous day, which would confirm that this rise has reached a conclusion.

If a large bullish candle reverses, the MACD will expand again, then 95,000 will not be the recent peak, and there may be higher levels ahead. However, Ying Jie is more inclined towards a correction, and it must break the 92,000 level today. Therefore, at the beginning of this week, the mid to long-term extension range of 92,000-93,000 has been given to extend above 94,000, and levels above 94,000 can be looked at for a mid to long-term view towards the 88,000-89,000 range.