source avatarCato_KT

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The current trend of #Bitcoin is largely in line with my expectations. The rebound last night was weak, which has increased the risk of further declines, and the 4-hour MA120 has already been broken. The next key support level to watch is around the 4-hour MA200 (90,500). Combined with the pre-market movement in U.S. equities, I expect Bitcoin to follow lower when U.S. markets open tonight before stabilizing and potentially rebounding. Currently, the macro environment is mainly driven by Trump's weekend announcement of increased tariffs on NATO allies. Since U.S. markets were closed yesterday, the Asian and European sessions priced in the initial impact. Now that it's the U.S. session, after the market re-prices the macro risks at the open, prices should stabilize. Given the #BTC trend, I suggest setting a stop-loss near 90,500 and waiting to see how the U.S. market opens tonight. Personally, I expect a short-term expansion in the decline at the open, followed by a consolidation and rebound. The ongoing tariff issue has already been priced in for some time and is no longer causing significant panic or selling pressure. The recent pullback has been sufficient. If the 90,500 level holds, I believe BTC can continue to rebound. The 4-hour chart is now nearing the completion of a deep correction. I view this development very positively, as price stabilization at this point could signal the start of a new rebound. Looking ahead, the next resistance target could be around 98,000.

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