#BTC☀️ Midday Market Analysis. This morning, influenced by news, BTC rebounded to a high point near 97900, which is about 100 points different from the 98000 mentioned earlier. Due to daily level pressure, a pullback has started, and the current price is at 96450, which is also close to the pullback buy position of 96600 mentioned in the morning. However, the four-hour level rebound seems weak, so those wanting to go long should manage their position carefully. As for the evening ETH upgrade, it's uncertain whether it will push prices higher. If it breaks below 96000, we could look to attempt a long position again around 95300. Currently, the daily level remains in a bullish trend, as long as it does not break below 93000, previous pullbacks are still seen as opportunities to go long.

This morning I saw that BTC surged over 3000 points, really impressive. Last night it tested the daily support level near 93500 again, and this test still did not break down, instead, it quickly rebounded after the test. This also verifies my viewpoint from last night that there is a large amount of long liquidity around 93500. If it breaks down directly, there will be a significant volume drop; if it does not break, there will be a good rebound.
This is from the market perspective, but I still do not believe that BTC can rebound more than 3000 points instantly without any news support; at most, it could be over 1000 points. I looked at the news and found out that around 10 PM last night, BlackRock increased its holdings by more than 5600 BTC. Wow, that's really impressive. This morning, there are also talks between China and the US, plus the ETH upgrade tonight. Can it continue to rise? I don’t know. We still follow the market; currently, the daily level resistance is at around 98000 and 98200, and bears can pay attention near there, with a stop loss above 98200. After all, the market cannot keep surging, and it is a daily level resistance. The four-hour pullback can look for a long position near 96600, with a stop loss below 95300. However, it is important to note that BTC still has a CME gap around 91500 that has not been filled; there is a 90% chance it will be filled, but we don’t know when.