$BTC is currently facing a support level at 98,000 for BTC. At this moment, the yellow-haired guy starts performing again with tariff news, making it feel like there's probably some insider information involved.
We'll have a cup of tea and watch the show. All our long positions on BTC have been fully taken profit. Let's see how the market moves after waking up tomorrow. We expect two possible scenarios:
First, the price plunges to the 98-99-10 range, then quickly rebounds, forming a second wave of upward movement before starting a downward correction.
Second, a small rise during the day tests the 98 resistance level and closes with a bearish pattern, signaling the end of the short-term uptrend. The market will likely see a sideways move over the weekend, followed by a strong push up on Monday to test the 98 level, forming a four-hour M-top pattern.
These are just speculations. The actual outcome will depend on the market conditions. In summary, BTC long positions around 87 can be mostly sold off. Just wait patiently for the bearish rally to begin. Patience, patience, patience...
