I will sort out my current thoughts. As BTC market reaches the 100,000 Shanhaiguan gate, it is worth stopping to think and guess the next trend:
The logic of this round of market may be like this. Bitcoin opens the valuation line to attract external attention and new leeks to enter the market. MEME is responsible for directly taking over the small amount of funds of these new leeks and generating a sudden wealth effect, just like providing a cheap and high-quality entry plate, so that the flywheel effect is turned out, and traditional middlemen such as Ethereum and Shanzhai are (temporarily) excluded from this industry chain.
The objective facts are as follows:
11,000 US dollars is the largest psychological barrier of BTC in history, and there must be a lot of spot selling orders.
2. What a fool like me can think of, the smart air force must also think of, so the short position of the 100,000 front line must also be at a historical level.
3. The current market, emotional explosion, Google search volume and coinbase ranking first on the app store show that buying is very strong.
The above three points are objective facts. I think the decisive factor in the market regarding the trend of the 100,000 mark in the short term will be the size of the current contract leverage bulls. If the bulls are too crazy, I think there will be a decline after the short liquidity is removed after the surge of 100,000-110,000. If the bulls are timid and choose to be conservative at this time, then I think the possibility of directly breaking through 100,000 to 120,000-130,000 is very high, quite high.
The 100,000 decisive battle should be this week. It is quite likely that the price trend will be made directly recently while the market sentiment is high.
It is estimated that most of the cottages will suddenly surge next, and the real market is estimated to be in mid-to-late December
