I rely on these waves of rising to be strong, BTC has risen by 10,000 points in three days, only 2,000 dollars away from 120,000 dollars, Ethereum has also broken through 3,000 dollars, the bull market is unimaginable.
It's at the top, there is really no top in the midst of a surge; the only pressure point for BTC is around 122,667 dollars, where there is a bit of pressure. The short positions have basically been cleared out, with liquidations reaching 1.2 billion dollars within 24 hours, it's so brutal, but many people still can't help but short. For market conditions they don't understand, it's better to wait and see.
Looking at BTC's weekly base, there is still a lot of room above. Although the trading volume is gradually decreasing, the chips are all in the hands of the big players. As long as they don’t sell, it won’t drop. Currently, there doesn’t seem to be any news, so it definitely won’t drop in the short term; at most, it will be a consolidation for selling.
Although BTC has risen to 118,346 dollars now, very few people are on board. The main battleground is the struggle between institutions, not among us retail investors. Now the technical indicators have basically failed, and there’s not much technical analysis to speak of; it’s completely a one-man show by the big players. Most people are being repeatedly cut in this wave of the bull market.
Currently, all short positions have been completely liquidated, so you could say there’s not a drop left. Now, it’s forcing you to go long and take the buy, and the liquidity has been forcibly pulled out. It basically tells you that as long as you go long, you can make money. It feels like the big players are preparing to sell. Otherwise, if there’s no good news, it just keeps rising; isn’t this ridiculous? It’s just as the saying goes, no bad news is good news.
#BTC再创新高 $BTC $ETH
