1.7 BTC.ETH. Will it really reach 100,000 as they say?

Yesterday, Federal Reserve official Milan called for more than 100 basis points of rate cuts this year, and the Trump administration is planning to acquire Greenland. The market surged above 94 before the US session but did not stabilize, a simple fake-out to lure in long positions.

Yesterday, I emphasized not to blindly chase longs. Actually, I saw many people continuously going long at high levels, which I couldn't influence. We set up short positions in the 942-945 range, and during the evening, a sudden surge to the entry point was triggered before the market opened. Afterward, it maintained a volatile turning point and then started a waterfall decline of 3,000 points, reaching around the target level of 91,400.

Currently, the moving averages form a bullish alignment with a golden cross, indicating short-term momentum is strengthening. However, the extreme decrease in volume combined with rising prices shows a clear divergence, weakening the credibility of the trend continuation. Recently, the candlestick pattern shows a bearish engulfing, confirming the possibility of a continued pullback.

BTC trading suggestion: short at 93,100-93,500, add at 94,200, target 91,900, if broken then look at 91,400, and if broken then look at 90,600.