BTC: Is the short squeeze over, and is 100,000 on the way?
The day before yesterday, I mentioned that we would test the bottom at 93,500-94,500. As a result, with a low of 93,445, we were only 55 points below my mentioned low of 93,500. Now, let’s discuss today’s latest perspective:
1. From the estimated liquidation view: A drop to 90,900 could trigger 1.5 billion, while a rise to 100,000 could trigger 2.2 billion. From this perspective, going up looks better.
2. From the chip structure perspective: As I mentioned the day before yesterday, the maximum of 100,000 is a hurdle, and I still maintain this view today. If it does drop, I would choose 90,900 as support.
In summary, I am generally more inclined to believe that around 94,000 is a short squeeze, and we will soon initiate the next round of attack towards the 100,000 mark, but it will pull back after touching it.
Lastly, let me share the viewpoint logic from 39,568,302,761.
79,281,543,076,401,785,501,80
