If the main funding structure of Bitcoin is a bit larger and willing to invest real money to push the price above $100,000 in one go, the psychological shock to the market will be very significant. Why?
Because many people exited at the bottom, and once they see Bitcoin really breaking through the six-figure psychological barrier, the psychological pressure will be immense, making it hard to continue to remain on the sidelines or short sell, and eventually, they will have to choose to enter the market.
Moreover, a previous poll showed that although 41085025879 is approaching $100,000, the majority of people (over 60%) are still in a loss position, and very few have made significant profits.
What does this mean? It means that once the market truly breaks through $100,000, investors' psychological desire to recover their losses will become extremely urgent, making the market highly susceptible to a violent volatility similar to the pin bar pattern seen on December 5 of last year, specifically targeting those who are trying to quickly recover losses with high leverage.
After experiencing such violent fluctuations, the market may truly reach a peak before retreating. Currently, the market trend is characterized by continuously small bullish candles gradually pushing higher, leading you to gradually abandon the bearish view while constantly liquidating those trying to catch the top with short positions.
For those with less capital, they can consider laying low with C o n a n; the primary market is about high multiples, and both the narrative and the team are excellent. The hero dog personally awarded by the understanding king won't be bad, right?