$BTC As the market has reached this point, the situation has become increasingly complex. After BTC dropped to 74500 on April 7, 2025, it quickly surged for 5 days to 86000, followed by a 5-day consolidation (5 candlesticks) between 86400 and 83000. Many people are starting to feel confused again: is the outlook bearish down to 70K or bullish up to 92000?

From just the candlestick chart, it may be difficult to discern the trend, but as a true trader, you need to have the ability to distinguish whether to continue rising 📈 or continue falling 📉.

Now I will share my analysis and thoughts:

First, from the candlestick chart, after last night's speech from the old Fed Chair (no substantial positive news, the U.S. stock market responded with a drop and then slightly recovered), BTC was directly smashed from the high point of 85500 to the key level of 83100 overnight. 83100 has already touched the daily level twice and held, which is also a secondary bullish signal.

From the 3-day and weekly candl

esticks, looking at the Fibonacci retracement, the next 0.382 zone must be touched (88000). As for whether the next 0.382-0.5 zone will be touched, BTC needs to first reach the 0.382 zone at 88000 in the next few days, stabilize, and then observe. However, from the overall market and news perspective, there is a 50% probability of reaching 92000.$BTC