When BTC reaches all-time highs, there is no precedent for resistances that allow the market to trade. This means that the price enters a phase of unrestricted price discovery, so sharp fluctuations are expected.

In these situations, we have 2 guides to find new resistances: Fibonacci bands, using magical numbers seen in nature, and the actual liquidation levels of positions in the market.

The first target was from 88,000 to 91,000. We reached it. A consolidation should occur. This is due to both the local Fibonacci levels and the liquidation levels, where most short sellers have exited. It marks the end of the forced purchases of short sellers who are being liquidated.

102k is the next macro Fib, using the high of the last cycle and the low of this cycle. Let's see where the new liquidations cluster, but for now, that is our next target based on Fib.