"$BTC Has Surged To 98,000"
Over the past two days, it is been evident that after the short squeeze at 94,000 played out, the next target was 100,000. Yet, many are still shorting, only to get trapped and then vent their frustration at me. Remember, trading demands objectivity and discipline. Those who ignore the market’s signals will pay the price.
Here is my latest analysis:
1️⃣ Liquidation Perspective:
A move to 100,000 could liquidate over $1 billion in shorts.
Psychological round numbers like this often face strong rejection before a solid breakout.
2️⃣ Price Structure & Resistance:
Beyond 100,000, key resistance lies at 102,000 and 104,500, creating heavy selling pressure.
With Powell ruling out rate cuts last night, an immediate breakthrough past 100,000 seems unlikely. Avoid fomo chasing here.
Stay sharp and trade smart. The market rewards patience, not emotion.
