From a technical perspective, Bitcoin has technical support to rise to 920, because previously when the market shifted from bull to bear, there were often issues and black swans when technical rebounds were expected.
Now, let's first observe whether Bitcoin will break below 885 tonight, or if a large bearish candle will go down and not recover. If that happens, the probability of going up to 920 will be very small, so we need to be cautious.
If BlackRock does not sell tonight, the overall outlook is still bullish. Last night, the live stream's bullish prediction was incorrect; the data shows that the ETF sold over 300 Bitcoins yesterday, which is relatively low.
The overall trend is still downward, so don't be too optimistic. My current strategy is to short when it rises and to buy spot and long positions when it falls.
BTC
88,130.16
+0.25%