I've been really busy with work these days, #BTC is just my side job. I didn't even have time to write the latest analysis yesterday. From last night to today, BTC surged up to the previously mentioned 106,000 but then pulled back. Where is the bottom? Is it still 98,000? No, I need to correct myself. Today I'll share my latest views:

1. From the liquidation estimates: upwards to 108,000 could explode 1 billion, while downwards to 99,000 could only explode 400 million. From this point of view, 108,000 definitely has to be reached.

2. From the chip structure: the recent pressure above has changed from 106,000 to 105,000, while the support below at the 100,000 integer mark is a relatively strong position. Last night, the lowest was 100,678 and it couldn't go lower. However, I want to say that the long positions' profits have become too large recently. If this isn't washed out, it will indeed be difficult to continue moving upwards. So if a washout effect is really needed, it must break the 100,000 integer mark and return to the 90s. This way, many people will start to fear whether they bought at the top, and will the chips be washed out soon?

In summary, my scenario is: a downward crash to the bottom of this wave at 99,000. It would be best if tonight's CPI data detonates something, pushing many who chase high prices to panic sell, washing out the chips. The main force can then sell high and buy low comfortably, making a profit on the price difference to accumulate chips, and when everyone thinks it will continue to crash, they quickly pull it back up, even to 107,000 or 108,000, and then explode a batch of shorts.