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$BTC has now reached 98,000.
For the past two days, it’s been clear: after the short squeeze at 94,000, the next target would be 100,000. Yet, many continue to short and then direct their frustration at me when they get trapped. Remember, trading demands objectivity and discipline — those who ignore market signals will ultimately pay the price.
Here’s my current outlook:
1. Liquidation Pressure: A 10,000 move here can wipe out $1 billion in shorts. But 100,000 is not just a psychological milestone — round numbers often act as magnets but rarely hold firm on first attempts.
2. Resistance Zones: Beyond 100,000, the levels at 102,000 and 104,500 present stacked resistance, making upward momentum heavy. Plus, with Powell confirming no rate cuts last night, a clean breakout above 100K looks unlikely for now. So, avoid chasing highs at this stage.
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