Bitcoin is experiencing positive price movement fueled by optimism regarding a potential crypto executive order from President Trump. However, analysts caution that if Bitcoin dips below $101,000, it could trigger $1.3 billion in long liquidations. The cryptocurrency is showing signs of a potential correction towards the $96,000 level, identified through a 'diamond pattern' on its technical chart. Crypto trader Blackmore highlights the need for caution, advising traders to await the pattern’s resolution before making decisions. Despite concerns, Ki Young Ju from CryptoQuant suggests that while a sideways or downward trend could occur, the bull cycle might not be over, supported by positive on-chain indicators. Analyst Rekt Capital emphasizes that maintaining above $101,000 is critical for avoiding significant volatility and liquidation events. Additionally, market sentiments may shift due to concerns over global monetary policy tightness, though institutional buying could stabilize Bitcoin's price.

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