In the past two days, Bitcoin has broken through with large bullish candles, igniting market sentiment instantly.
Can we achieve three consecutive bullish days today and fully open up the upward space?
From a technical perspective, the 1-hour level shows sideways movement or short-term pullback demand.
However, the 4-hour, 12-hour, and daily levels are all showing an upward trend, with an intraday resistance level of $96,000 and a support level of $90,000.
Previously, the market was buzzing with rumors that 'the understood king wants to fire Powell', causing fluctuations in safe-haven assets.
But in-depth research into U.S. law reveals: the independence of the Federal Reserve is protected by the Constitution, and the president has no power to directly remove the chair of the Federal Reserve!
Even if the understood king forcefully “finds fault” and succeeds, the Federal Reserve has a backup plan—through internal elections to reinstate Powell.
Be wary of selling pressure after good news is realized, especially if tariff negotiations become convoluted or the Federal Reserve releases hawkish signals.
Long positions are so comfortable to hold; having entered at 1500, we currently have gained 300 points.
Long positions are much easier to manage than short ones; enjoy the big gains.
Intraday focus: sui alch doge
