BTC: Within the next three days, aiming for 108000!!!
Three days ago I mentioned that the adjustment of #BTC has ended, and we are about to aim for 108000. Today, I continue to strongly CALL bullish, and here are my latest views:
1. From the estimated liquidation perspective: An upward move to 108000 could trigger 2.9 billion, while a downward move to around 99000 could trigger 1.9 billion. From the contract perspective, moving upward is more advantageous for the main force.
2. From the chip structure perspective: Whether it's the 15-minute small scale or the 2-4 hour scale, we are in a converging triangular pattern. Yesterday, the small scale was actually weakening, but since last night to now, the small scale has started to strengthen again. I have been waiting for a low point in the 30-minute timeframe for a day without opportunity; if it doesn't drop, it will move upward. Coupled with the converging pattern, this indicates an upward breakout!
3. Negative news does not lead to a drop: A couple of days ago, there was negative news regarding the American credit rating, which is bad for the U.S. stock market. BTC was slightly weak yesterday due to this news, but just one day later, the small scale has turned strong again. Everyone knows that tomorrow, Monday, the U.S. stock market may drop, but BTC does not drop, which is strong!
In summary, the estimated liquidation supports upward short squeezes, the technical pattern of triangular convergence with strengthening small scales supports upward breakouts, and the news that should cause a drop does not drop—all aspects support upward movement. I warn the bears again, do not resist; this upward breakout will reach at least 108000, and breaking above 110000 is also very easy!!!
Lastly, I will share my logical views at 清水的小天地.
