#BTC🔥🔥🔥🔥🔥 Evening Market Analysis, the long position around 96600 provided today has also gained several hundred points, but this position is not ideal. In fact, the best position is around 96388, but at least it didn't incur a loss, which is good.

Tonight we have arrived at an exciting moment, at 2 AM Powell will speak, and this will certainly lead to BTC experiencing sharp fluctuations, which is beyond doubt. Based on the current market conditions, there has been a 1-hour horizontal consolidation, indicating that everyone is waiting for the overnight news. According to the news, the probability of a rate cut in May is already 0, and now we are waiting to see if Powell will make hawkish comments about a potential rate cut in June. If so, there is a high probability of a significant pullback; if no hawkish comments emerge, then the market may surge.

From the market perspective, there is still no breakthrough at the daily level of 98000, 98200, and the 4-hour level is close to showing a 4-hour double bottom divergence. If the double bottom divergence is confirmed, there is a high probability of a significant pullback. The key now is the news tonight. My view on shorting is around 98200, because we are uncertain whether there will be an upward liquidity grab before a pullback. Therefore, to prevent sharp upward fluctuations, I suggest a small short position around 98200 with a stop loss above 99000. My view on going long remains to enter in batches: 30% around 96388, 30% around 95388, and 30% around 93588, with a stop loss if it falls below 93000.