Setting aside fundamentals and technicals, how many people could have predicted or believed that Bitcoin would reach 99000 when it was around 85000 at the beginning of this month? But now, everyone tends to believe that Bitcoin will definitely break through 100000, especially after the US presidential election with Trump coming to power being favorable for Bitcoin. However, when everyone agrees on one direction, the market often reacts in the opposite way, which may not be as most people wish.

Now that it has finally risen above 99000 USD, those long positions will choose to exit. Would you buy at the 98000-99000 price? Would you chase the long?

Therefore, I believe Bitcoin is facing short-term adjustment risks. Regardless, I would short in the 98000-99000 area now. Short at the current price of 98700-98800, and set the stop loss above 100000, with a target continuing to the 96500-95500 area. After reaching that, we will make a new plan.

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