The recent surge from $BTC 74000 to 95000 is quite unusual.
There has been no significant positive news driving this increase, and the market makers are not altruistic.
Their real intention is to use this seemingly enticing rise as bait to trap more investors.
I reminded everyone yesterday to pay attention to the support around 92800. This morning, the lowest point reached 92700, and it began to rebound. There won't be much change in the market during the day.
Currently, this short-term rise is just the calm before the storm and does not alter the long-term downward trend. Trends are trends, but that doesn't mean the market will immediately turn downwards; the short-term upward movement might still continue for a while.
My view remains unchanged; there will be a significant washout before any interest rate cuts. Those interested can check out my posts on my homepage~ and why the coming weeks will see a mix of positive and negative news.
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