The short-term trend for BTC is still bullish, and BTC may quickly surge to 95000-96000.

Last night, it dipped to 91600, then oscillated back and forth, ultimately reaching 94000 this morning. During the day, BTC attempted to break through the resistance at 94000 three times but couldn't hold it. The upper resistance has significantly increased. However, the good news is that after hitting 94000, BTC did not quickly drop but has been steadily increasing its bottom, from the spike at 91600 yesterday, to 92600, and then to just now at 92700. This indicates that the selling pressure above is gradually being consumed. Once the selling pressure is sufficiently diminished, it is highly likely to surge directly, and this rising bottom is a bullish signal. This means that if BTC does not fall below the spike position of 91600, it is very likely to short-term challenge the 95000-96000 level.

Recently, a friendly reminder: everyone should avoid shorting, especially near 97000, as the market remains bullish throughout the day, and there is limited space for shorting. After a pullback, going long remains the main trend. Since 91600 was not broken yesterday, I believe it's unlikely to fall below 91600 again. After some consolidation, it should break upward. $BTC $ETH #币安区块链周 #加密市场观察 #美联储重启降息步伐