BTC has already pushed its maximum capacity, guys.
It's still in a downtrend, so there's nothing to worry about.
Currently, I believe BTC will consolidate at this point to get players to FOMO and buy at the peak.
The most brutal scenario that I've mentioned before.
At this time, you will think of two cases:
1: BTC will return to the 85 area from this milestone, then come back to break the 110 mark, and then altcoins will enter a strong growth phase.
2: If BTC closes a daily candle above 107k, it will not return to the 8x area anymore, but will go straight up to 115, 120, 140 and then enter a downtrend.
That's why I only exited 50% of my Spot.
Of course, I don't hope for the second case to happen. I still firmly believe it will return to the 85 area once again, but during this phase, it will have to FOMO to get new players to buy at the peak before it crashes, it won't return immediately.
I still stick to my view, so I will watch for a short on BTC, with a Stoploss at 110 to avoid a stop hunt, and I will close the position if BTC closes a daily candle above 107k.
