The recent rebound of Bitcoin is quite strong, jumping directly from 94k to 96.4k, but don't celebrate too early; I feel a trend reversal is coming. Everyone in the market is watching that trend line, but let me tell you, this thing has long been toyed with by the manipulators. What they love to do is to first pretend to support the price, wait for retail investors to jump in and go long, and then suddenly crash the market to wipe you all out.
The technical indicators have already issued warnings; the RSI on the 4-hour chart has not only surged into the overbought zone but also showed a bearish divergence. This means there is a significant risk of a short-term pullback, and chasing the highs right now is like rushing into the gun barrel. 92k is a critical level; if it breaks below, market sentiment could collapse instantly, and the price could drop rapidly. However, if it can hold at 92k, there might still be a chance to challenge 102k. But if any negative news pops up in the meantime, dropping straight down to 85-86k is also possible, and if that happens, it could actually be a good opportunity to buy the dip.
That's how the market works; don't rush in, be patient and wait for opportunities. Additionally, interest rate cuts are coming soon, and I have my eyes on a potential coin that might have 10x potential in the short term and even up to 100x in the long term. When the market moves, strategies are in place, and all that's left is to let time take its course.
