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【Trendsetter's Opinion】BTC will soon surge to $110,000, and the pressure will gradually increase as it goes up
Madman said...
After Bit surged to $100,000, the liquidation map looks like this. There's not much fuel left, bearish traders, come on, we can't do without you. The two Get Liquidated candles just now, from $99,000 to $100,000, were really exciting.
The person who wanted to sell at $100,000 has already liquidated when it fluctuated above $95,000, so in fact, there is no pressure in the range of '100,000 USD - 110,000 USD', and it should quickly surge to $110,000. As it goes up, the pressure will gradually appear, and then it will depend on whether the bearish traders have accumulated enough fuel.
When the garbage coin rises, in order to continue to rise, there must be a strong player to take over. This strong player may be BTC, or it may be the MEME coin that previously led the climax. Fortunately, BTC's strong style is back. Since it can't go down, just continue to play and continue to cover it.
Today's rally, the map of contract Holdings has changed. With the rise, the contract Holdings have increased significantly, while the ratio of longs to shorts has dropped significantly. It can be considered that there are many retail investors opening short positions with the rise. I don't know if you are among them. Anyway, in a bull market, it is still recommended to be bearish and not short. It is always tiring to go against the trend. Once the entry point is not good and trapped, it is difficult to breakeven. On the contrary, if you follow the trend, you can still breakeven even if you are trapped.
Disclaimer: The article represents the author's personal views and opinions, not the objective viewpoint and position of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be held responsible for any direct or indirect losses incurred by investors in their transactions.
〈【The Madman's Trend】BTC will soon surge to $110,000, and the pressure will gradually increase as it goes up.〉This article was first published in "Block Times".