$BTC
Today's Bitcoin remains strong, and this surge has basically eliminated the possibility of a subsequent drop to a new low. For those looking to buy at lower prices for the medium to long term, it’s time to wipe off the sweat and recalibrate expectations.
Previously, Nini predicted that the peak of this Bitcoin surge would reach around 105000, and this surge peaked at 104145. Now, the main upward wave's adjustment is still missing its final move, so those looking to enter for medium to long term investments should be patient and wait. Of course, the market is always changing, and if it directly breaks the previous high and continues to surge upwards, that’s another story, and one must adapt accordingly.
This surge has cleared out all the short liquidity from 103000 to even 104000. It's interesting to see those who stubbornly held onto their short positions now transformed into liquidity, contributing to the market.
Looking at the current market, the only short liquidity remaining above the price is in the range of 105000 to 106000, and beyond that, there’s a complete vacuum of liquidity. So at least within this week, the possibility of breaking through 106000 is not very high.
Resistance levels reference:
First resistance level: 104200
Second resistance level: 103300
Support levels reference:
First support level: 101500
Second support level: 100700
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