BTC: Will it hit 87000 tonight?!!
Yesterday, it was originally expected to dip to 80500, but it started to strengthen in the afternoon, and in the evening, it surged to 85493 before dropping sharply. According to previous patterns, since the Nasdaq dropped so much, BTC should continue to drop, but instead, it bounced back and remained strong around 84000. How will it move tonight? Here are the latest views:
1. From the perspective of chip structure: Recently, there has been talk of 87000 as resistance, 84000 as support, and further down, 79000 as support. In the past few days, it has been oscillating around 84000. Since it has not been able to drop below this level, the probability of moving upwards is increasing. In the short term, reaching 87000 should not be a problem, but since it is oscillating, it will definitely come down again.
2. From an estimated liquidation perspective: An upward move to 88000 could trigger 1.45 billion in liquidations, while a downward move to 77000 could trigger 3.15 billion. From this angle, it is very likely that there will be a spike up followed by a drop, leading to a double kill for both bulls and bears, as the market has been fond of oscillations lately.
Recently, short-term trading has been very difficult due to oscillations, with no clear trend. It is not feasible to trade on small timeframes of 1-5 minutes; it is better to trade on larger timeframes of 15 minutes or more for more certainty. Tonight, it is highly likely to make an upward move, and the Nasdaq is also in the green, with some positive news. Be cautious of a drop when it reaches 87000-88000.
