I think it will first rush to 106000, and then make a big correction.

BTC: As expected, it's retracing. Where is the bottom?

Five days ago, I mentioned that #BTC 97500 is a barrier. It peaked at 97865 before retracing to the current 95227. Here's my latest outlook on the next steps:

1. From the liquidation estimate: a surge to 10000 could trigger a liquidation of 1.4 billion, while dropping to 93500 could trigger a liquidation of 800 million. I tend to lean towards a drop to 93500 first, then a rebound to 10000.

2. From the chip structure perspective: I mentioned 97500 five days ago; it's a level that cannot be surpassed in one go. We need to wash out the chips that are previously stuck; otherwise, these chips will sell off above 10000. The market has behaved as I expected, surging to 97865 before retracing. I'm just waiting for a low-buy opportunity near 93500.

In summary, I will clear all my altcoin short positions between 93500-94500 and simultaneously open long positions in BTC.

Lastly, I will frequently share my views and logic at 清水的小天地.

#非农就业数据来袭 #加密市场反弹