$BTC
Good news! 😁 The high point of Bitcoin is finally coming out! ✌ Did many people think that yesterday's high point was going to reach 100,000/110,000? 🤭 Did many people chase the high? Yesterday, Bitcoin hit the high point of 97,600 that I mentioned again, but did not continue to surge, showing a divergence in volume and price. The trading volume is clearly exhausted. It can be confirmed that the position of 97,800 has a 70% probability of being the peak of this wave.
😀 If it goes higher, it will be around 98,500. A correction is definitely coming afterwards.
The CME closed around 97,600 on the weekend, so next week, after a high surge, it will likely consolidate around 97,000 for a few days before showing direction.
Personally, I still see it as bearish; this time the correction will definitely reach around 91,000. Everyone should know that this rise can be said to be a V-shaped recovery, and similarly, after a few days of consolidation at a high position, it will go down in the same way it came up, aiming for 87,000/85,000. 💯
Upper resistance:
97,400/98,200/98,500/99,500
Lower support: 96,000/94,800/93,000/91,600