Is it a good time to go long on BTC now? The key is to watch these price levels.

[BlockBeats] Last night’s surge was indeed quite fierce, and the 4-hour K-line has clearly deviated from the key level of 89,923. So, is it wise to chase longs at this price? Personally, I don’t think so. Plus, the price has already touched the 4th expected line, so making another strong push tonight won’t be easy.

That said, as long as we hold the 89,923 support line, there will still be opportunities to follow the trend tomorrow.

Looking at the daily chart, although it’s still hovering below the bearish trend line, it’s already very close to the 93,958 level. Once the daily close is above this price, it’s highly likely that the indicator will turn green—that’s when a daily-level rebound will kick in. Looking upward, 95,604 and 99,108 can be used as reference targets.

The key is whether we can stabilize above 93,958, as this will basically determine the direction going forward.