#BTC "Wherever there is liquidity, the price will go there." Do you agree with this viewpoint?
Happy May Day, friends!
Yesterday, I provided a long-awaited liquidation chart, and we walked through one of the scenarios. After the liquidation at 96100, the price did not quickly drop back below 95400, so....
--- Then let's continue to maintain a bullish outlook!
--- New question, where is considered "low," and where to go "long"? 95400 had been a resistance for a week, and now that it has broken through, it will become a potential support, so this is considered "low."
--- If 95400 is broken down, then the long positions need to stop loss. The bullish opportunity will have to wait for a test of 92800/91600 again.
--- The range of 98000±200 can be a light short position; this is the maximum target for the rise after breaking 95400.
In the short term, pay more attention to 95400 here.