$BTC has reached 98000 already. For the past two days, it has been very clear that after the 94000 short squeeze ends, it will aim for 100000. Many people are still shorting and when they get trapped, they come to vent their anger on me. Trading requires objectivity and rationality. Those who do not respect the market will ultimately suffer themselves. Here are my latest views:

1. From the estimated liquidation perspective: 10,000 here can blow up 1 billion. This is also a round number, and often it is difficult to firmly establish a position at round numbers.

2. From the chip structure perspective: aside from the 100,000 round number + resistance level, the levels of 102,000 and 104,500 are two consecutive resistance points, making it quite heavy with pressure. Moreover, last night Powell announced no interest rate cut, so the probability of breaking through 100,000 all at once is relatively low, so do not chase the highs.