$ETH BTC: Approaching 108000, where will it sharply retreat to?
Previously, it was expected that #BTC would hit 106000 as a short-term high point, but currently, the market looks very strong, with the horizontal fluctuations shifting upward. I need to revise my expectations and share my latest views:
1. From the estimated liquidation perspective: upwards to 108000, it could trigger 900 million, while downwards to 102000 could only trigger 300 million. From this angle, it can only continue upwards, and 108000 is very likely to be reached, possibly even touching 109000.
2. From the chip structure perspective: the upper level of 110000 is the previous peak and also a round number. Here, the huge liquidation volume of short contracts between 108000-109000 overlaps, giving the main force enough momentum to push upwards, then retreat. I see it around 102000, rather than the previous 98000, and in the short term, levels below 10 are basically not visible.
In summary, my latest scenario is to first surge to 108000-109000, then not surpass the round number, retreat to 102000 to kill a wave of short-term rallies, and then continue to break through 110000. This wave of the big trend will definitely reach new highs, while I will continue to be fully invested in spot, gradually increasing short positions in junk altcoins when the price is high, locking in spot profits while also taking advantage of a significant wave of short profits during a downward correction. #DOGE #pepe
