In 2024, the price of Bitcoin (BTC) is unlikely to reach $100,000. After previously hitting a high of $99,600, BTC entered a downward correction phase. However, the market has recently shown an upward trend again, triggering extreme greed among investors.

In fact, a BTC price close to but not reaching $100,000 is more attractive. Driven by this sentiment, greater profits can be obtained through a sell-off decline. There are always some people willing to take over, and those BTC prices close to but not yet breaking through $100,000 have become the most enticing targets, prompting people to rush to buy.

Assuming the maximum value of BTC in this cycle is $146,000, this is an ideal figure derived from the current savings asset situation. Once the BTC price reaches $100,000, it may trigger selling pressure and lead some to turn to shorting. In this case, the profits of the operators will be divided between the bulls and the bears, so they are unlikely to choose this method for operation. At the same time, if they want to blow up the shorts, there is also not enough space above to achieve this goal.

Therefore, capital is likely to use the previous high of $99,600 as bait, once again displaying a rising trend to attract funds, and then conduct a sell-off decline to harvest profits.

I am confident that after Trump takes office in January next year, the BTC price will break through $130,000. Therefore, before the next more intense bull market surge, there will inevitably be a deep correction. After all, it is unrealistic to rise directly from $67,000 to $130,000 and continue to rise for nearly half a year. To ensure there is enough time and space for adjustment, this surge will not break through $100,000. Once it breaks through, to cause the short positions at $100,000 to go bankrupt, the price may need to be raised to around $120,000, which will leave no space for a rise and adjustment time in January next year.

So, I believe that during this enticing upward surge, one should build short positions in batches at key resistance levels to prepare for the upcoming significant decline. It is expected that the BTC price will drop between $73,000 and $80,000, and then the next round of bull market will rise.