GDP negative growth but the market is up across the board, did BTC go to 96,000? What’s next?

The day before yesterday, the GDP in that area showed negative growth, with a capital outflow of 50 million. A slight outflow during major data release times is normal. In the short term, Bitcoin has the potential for further upward movement, but the momentum is limited. The probability of the Federal Reserve not lowering interest rates in May is 94.2%, while the probability for June is 36.1%.

Yesterday's PCE price index, although in line with expectations, combined with the March wage and consumption data, sounded alarm bells: wage growth is slowing while consumer spending continues to rise. This indicates that inflationary pressures and high living costs are eroding the real income of the populace. If Friday's non-farm payroll data shows an increase in unemployment rate, market concerns about economic slowdown may heat up again, and if the unemployment rate rises and employment numbers drop significantly, it would be solid evidence of an economic recession.

From the market perspective, BTC is in a triangular convergence pattern and has just broken upward, with a significant resistance point at 97,600. For friends who have been following my articles, I started to call for a light short at 95,000 early on; 97,600 is my normal position for shorting, and I’ve also placed a few smaller orders in between, but long positions remain my main focus (there was a small long order at 94,000 earlier, and someone commented asking why I was going long at such a high position). Yesterday in the community, I also mentioned that it wouldn’t be considered a reversal until it breaks below 92,800, and it’s hard to break below. I fear that those who wanted to short at 95,000 to 50,000 will start calling for long positions at 130,000 or 150,000 now (laughing~ ~); around 93,000 is the price where institutions are defending, yet retail investors have sold off 40,000 BTC above. So, do you think 95,000 can drop directly?

Future trading thoughts: open a short at 97,600 (can lower the order a bit), with a stop loss above 98,000, or go to 98,800 to add to the position with a small stop loss; the first take profit position looks at around 92,000.

PS: The position at 97,600 has been called out many, many times...