#比特币反弹 Analysis: If BTC Breaks Through $90,000

Resistance May Cause $1.6 Billion to be Liquidated

Last weekend, the Chicago Mercantile Exchange Bitcoin futures gap between $85,000 and $86,000 has not been filled, and currently, the likelihood of Bitcoin turning towards upward liquidity is increasing. Triggering liquidation above $85,000 may further drive bullish momentum, causing Bitcoin to form new highs and turning $85,000 into a new support level. If this occurs, the next key resistance level will be at $90,000, which could lead to the liquidation of over $1.6 billion in short positions, thereby re-testing the upper resistance level of $95,000. Bitcoin analyst Mark Cullen warned that the price of Bitcoin will continue to experience corrective volatility, meaning it will further consolidate before a short squeeze occurs. (PANews)