$BTC Evening Viewpoint:
Tonight, the direction for Bitcoin will emerge. I believe it will first move upward to clear out all liquidity around 96500 before dipping down.
Because there is a lot of short liquidity around 96500, it seems illogical to not take a big bite when it's right there.
As for whether it can continue to push upward, that depends on whether the White House and the Federal Reserve recognize tonight's data.
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Speaking with charts: Bitcoin's 30-minute level W bottom reappears, for the W bottom to continue rising, it must break through the neck line at 85166; only then can the W bottom be established and continue to surge upward. If the neck line is not broken, it’s useless.
Bitcoin should break through 94813 with volume to chase longs on the right side; if it breaks down at 94599 with volume and cannot reclaim, don't chase shorts on the right side. If it reclaims, don't go short. Pay attention to changes in volume and manage your stop loss well.
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On the hourly level, as long as it breaks and stabilizes above 95199, we can look upward at target positions 95837-96464.
On the 4-hour level, if it breaks below 94233, we look downward at 93571-92596. I've been calling for a breakthrough to a new high for several days, will it not break through tonight?
Continuing with the chart: Bitcoin's hourly Fibonacci 1:1 upward target is 95909, let's see if we can touch it tonight!
Can you fulfill my wish that I've had for several days? If you're going to touch the 1.618 position at 96818, that would be even better, and I wouldn't mind. Success or failure depends on tonight, meeting adjourned.