On April 22, Bitcoin's rally triggered nearly $300 million in short liquidations, making it the largest single-day short liquidation event since the beginning of this bull market. However, from the price trend, BTC only rose from $87,000 to $94,000, which is not a remarkable overall increase, reflecting that the bearish sentiment in the market remains strong, and most people still lean towards being bearish.
At this point, if BTC does not choose to pull back and continues to surge directly, breaking through the $100,000 mark in the short term will be very difficult. This round of increases lacks obvious funding support and does not have strong positive news to accompany it, so the possibility of sustained momentum is relatively low.
The ideal trend would be for BTC to actively adjust and consolidate in the next one to two weeks, pulling back to around $85,000, completing a sufficient turnover of chips, and building momentum for subsequent bullish activity. If the trend is healthy, it is expected to welcome a new wave of small peaks in June and challenge the key target of $110,000.
