Stunning reversal! BTC surges to 88,000, think it's stable? Beware of the big drop trap!
Bitcoin skyrocketed to around 88,000, don't celebrate too early!
First, the recent surge has low trading volume, which hides secrets. The main players are buying less, yet the price is rising, indicating thin selling pressure and trapped positions not being released. But this is also a hidden danger; once selling pressure emerges, the price could collapse. If it rises a bit more, a large amount of selling could trigger a crash.
Second, the tariffs will take effect on April 1-2, and the news is likely to trigger a sell-off. Exactly which day it will drop and how much depends on the market makers' mood.
Third, there is significant selling pressure around 90,000; if trapped holders manage to break free but cannot hold, it could plummet straight to 76,000 or even 73,000.
Fourth, BTC hasn't yet tested or spiked again. In the next month or two, a major upward wave can be expected, linked to the Federal Reserve's interest rate cuts. If rates are cut in June, it may start in April-May, but there will definitely be a spike beforehand. Although the current surge is strong, it's advisable to set stop-loss orders, avoid holding overnight, and beware of liquidation!
