$BTC
BTC: After hitting 96000, is a crash imminent??! I mentioned this in my post yesterday afternoon, stating that 90500 would be reached tonight, with resistance at 96000. Today, the highest was 94000, so now let’s discuss the latest outlook:
1. From the estimated liquidation perspective: going up to 96000 can only liquidate 280 million, while going down to 81500 can liquidate 3.4 billion. This huge disparity is similar to what I pointed out when we were at 75000, where the estimated liquidation difference was also a staggering 10 times. Such scenarios often indicate that the market is approaching a turning point. Of course, I don’t think we’ll return to 81500; it would be great to see a return to 89000 in the short term.
2. From the chip structure perspective: as I mentioned yesterday, after stabilizing at 88000, there’s not much significant resistance until 96000. Indeed, today it surged directly to 94000, with the real major resistance at 96000. The closer we get to this position, the more likely the market will change direction.
In summary, my script is for #btc to continue upwards to 96000, then consolidate for a bit before suddenly dropping back to around 89000-90000. This script will unfold within a week, and that position will be a great opportunity for many who missed out.
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