BTC: Can it hold 87000 and challenge 96000?!!!
In the past three days, after a narrow fluctuation of #BTC , today, Monday, before Wall Street starts working, it has already reached a maximum of 87400. Here’s the latest view on the upcoming movements:
1. From the estimated liquidation perspective: An upward move to 88000 could trigger a liquidation of 500 million, while a downward move to 81500 could trigger a liquidation of 1.9 billion. From this angle, the downward move is more favorable for the main players. Could this lead to a scenario of double killing for both long and short positions?
2. From the chip structure perspective: The previously mentioned strong resistance at 84000 has been completely broken and stabilized. Now it is challenging the second position at 87000, and it currently seems stable here is not an issue. Since it can hold here, the next position at 90000 should also not be a problem. I feel that if it really wants to surge, it can go straight through. After breaching, it may pull back a bit before challenging 96000. Because there is no other pressure.
Although this wave of major movements looks towards 96000, it is very likely that there will be a small pullback before that. The points I see for this small pullback are: 83450 and 84350. If it returns to these two positions, it might be the last best opportunity before reaching 96000.
For those who want to brag, I am waiting for you at 清水的小天地.
