$BTC BTC I suspect the increase in the morning was a huge bubble. The price has risen during both the US and Asian sessions (from around 5-7 AM), indicating that this is likely not from an organization. The price has increased too much; I think if it rises, it should only be around 95k-95k5, which would be reasonable, but it has pushed all the way to 97.

According to technical analysis in the daily timeframe, it is a broken upward trend model, and the price is testing the trend line, creating a double top pattern.

From a macro perspective, I personally don’t expect any positive news to come out until now. There is a bit of conflict happening in India. The Fed Chair mentioned a few weeks ago that they are still carefully considering interest rates. Therefore, tonight they will definitely keep it unchanged, along with uncertainty about the next meeting.

In summary, BTC is likely to increase in the coming weeks, but I don’t think it will be right now. Good luck to everyone!!!