No matter how high BTC rises, there will definitely be a significant drop starting with 7.
Regardless of how high BTC rises this time, the final result will be a drop to the vicinity starting with the number 7. Whether BTC rises to 89,600, 92,000, or even 94,000, it cannot escape the fate of a significant drop. Why?
1. It is still not the time for a big surge. The sentiment, funds, and news environment are not conducive to this; for BTC to have a significant rise, it must be accompanied by a rate cut from the Federal Reserve. However, the Federal Reserve has not yet made a clear stance, and any current rise is merely a large rebound, not a reversal.
2. From 100,000 to 70,000, there are too many trapped positions above. Without a rate cut from the Federal Reserve and no funds entering the market, the market's liquidity has not changed. The existing funds and current retail investors cannot support a rise to 100,000, and the main players cannot consume all the trapped positions in one go and then become trapped themselves, helping retail investors to break free.