BTC has already approached 89,000

92,000 may be its endpoint

On April 20, I posted to inform everyone that BTC is about to break through, with prices aiming for 89,000. As a result, the day after my post, the price reached 87,700, and today it reached 88,877, only about 100 dollars away from my 89,000 prediction, which is almost no deviation. Yesterday, I also advised everyone to open short positions around 87,700, and today everyone made about 1,000 dollars on that short, which is quite good.

If BTC can firmly hold above 89,000, then it is very likely to break through to around 92,000. 92,000 will be the endpoint of this rise, and BTC will also oscillate around 92,000 to distribute. The subsequent trend may drop from 92,000 all the way down to the 70,000s, with a potential drop of around 20,000 points, which is significant. So can we chase this trend? It is advisable not to chase, because the resistance level at 89,000 has not been broken and has not stabilized. If you must go for this opportunity, the best approach is to short at around 92,000, as this spot allows for a large trend short, with at least a ten thousand point profit.