BTC: After a strong push towards 108000, where will it sharply retreat to?
Previously, it was expected that the impact on 106000 at #BTC would be a short-term high point, but currently, the market appears very strong, with the horizontal consolidation shifting upward. I need to revise my expectations and share the latest view:
1. From the estimated liquidation perspective: upwards to 108000 could trigger 900 million, while downwards to 102000 could only trigger 300 million. From this angle, it can only continue upwards, and 108000 is highly likely to be reached, even touching 109000.
2. From the chip structure perspective: the top point of 110000 was a previous high, also an integer level. Here, there is a massive short contract liquidation volume at 108000-109000, and the main force has enough momentum to push through, then retreat. I see it around 102000, rather than the previous 98000, and in the short term, below 10 is basically not visible.
In summary, my latest scenario is to first push towards 108000-109000, then not surpass the integer level, retreat to 102000 to trigger a wave of long position chasing, and then continue to break through 110000. This major trend will definitely reach a new high, and I will continue to hold a full position in spot while gradually adding short positions on high points for junk altcoins, locking in spot profits while also profiting from a significant wave of short position profits during a pullback.
Join chat 清水的小天地, where I will share my views and logic.
