BTC: Will we see 90500 tonight?!!
As I mentioned yesterday, after BTC stabilized at 87000, it will continue to push upward, with a peak at 96000. However, there will be some fluctuations before that, so here are my views for today:
1. From the liquidation estimate: going up to 90500 could trigger 500 million in liquidations, while going down to 85000 could trigger 800 million. The difference isn't that significant. Personally, I lean towards pushing up to 90500 first, and just when everyone thinks the bull is back, there will be a sudden drop catching them off guard.
2. From the chip structure: 88000 is also a small pressure point. Once 88000 stabilizes, the pressure to continue upward tonight actually decreases, so I think reaching 90500 is quite easy. One impulse could complete it, but jumping directly to 96000 isn’t realistic, especially since interest rates haven’t been cut yet. Even if there’s a market expectation for an early rate cut, I estimate that won’t happen until mid-next month. Therefore, there will definitely be more fluctuations before that, and the major support below has now moved up to 85000.
In summary, even though BTC couldn't drop when the Nasdaq fell last night, if the Nasdaq is up tonight, it will be easier for BTC to rise. Plus, with 88000 already stabilized, reaching 90500 is almost certain. However, the higher it goes, the less you should chase it. Instead, be careful of another drop; you can't get rich quickly in one bite.
For those wanting to boast, I’ll be waiting for you at 清水的小天地.
