Look at $BTC now priced at $95444.01, yesterday when it was almost at $98000, everyone was saying we are going to $100k, here is your future we will earn a lot. Then we will make a lot during the alt season on altcoins, the bulls have finally arrived and so on.
But I clearly and explicitly said that crossing the $98000 line would be very difficult, for that to happen we need to liquidate about $1 billion in shorts around $98000, and that is very hard to do.
Secondly, I said that this creates an imbalance and there is a huge chance that we will return to $93k, and here we are already down to $95k. Are you ready to buy?