Middle Eastern countries agree to a ceasefire for now, and negotiations on the “Cryptocurrency Market Structure Bill” have also entered the final stage. For now, both are positive signals for this phase.

Over Wednesday and Thursday, prices swung back and forth in the short term; it was basically a minor-range shakeout. But today, Friday, might bring a bigger bullish move. Even if the cleanup isn’t thorough, it will still trap some small retail investors.

Currently, the overall correction is around 74k. Next, watch the 73k–75k area: will it break downward or break upward and hold steady? Yingjie is more inclined toward the latter.

Because only if it holds above 75k can BTC break further upward to 76k and even higher levels—so the downside shakeout can be cleared in one go.

And on Friday, it will most likely follow this script… $BTC