$BTC is stuck at the death line of 95,500 USD! The earnings season of US stocks becomes the trigger for a breakthrough!
As expected! Bitcoin rebounded according to the script after the US stock market closed, but there is strong resistance near 95,500 USD, indicating that both bulls and bears are in a fierce struggle!
The market is purely in a consolidation phase! We must focus on whether 95,500 USD can break through at the hourly level. If it can't push through, it will have to come back and continue to struggle, with the consolidation range referring to the fluctuation range at the four-hour level.
However, there is a variable tonight – a cluster of earnings reports from US tech stocks is coming! Microsoft, MSTR, and META have already seen a surge in pre-market trading, and US stock index futures are all in the green. If US stocks can really use the favorable earnings reports to continue climbing tonight, Bitcoin might just follow along and break through! Now the fluctuation range at the four-hour level is tightening, and the demand for a trend change is becoming stronger, just waiting for a trigger!
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