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For BTC, we need to break the hourly downtrend (hold above ~$94,700) to start any kind of upward correction.

The hourly chart is also showing some bullish divergences, with the bounce target around the start of the dump (~$98,000).

That said, the hourly timeframe is pretty unstable, so it could dip even lower first, maybe even break below $90,000 before a rebound.