The $BTC in 2024 will never be 100k, after last touching the peak of 99600, $BTC entered a downward correction period, and now is once again generating a rising trend, triggering an explosion of extreme greed in the market.

That's right, $BTC , which is infinitely close to 100k, is always more tempting than 100k BTC. With such sentiment backing, a sell-off drop 📉 can yield the greatest benefits.

Someone always has to take over, and this BTC, which is less than 100k but very close to it, is the most tempting bait, making people rush to take over and buy.

Imagine this, the extreme value of BTC in this cycle is 146k, which is an ideal limit derived by some institutions based on the current savings asset situation. Climbing to 100k BTC will trigger selling pressure, and a considerable number of people will turn to shorting. At this point, in a downturn, the profits of the operators will be divided among the bullish forces while also being eaten by the bears. Such a situation will undoubtedly lead to operators not choosing to do so. And if they want to blow up the bears, there is not enough space above.

Therefore, capital will inevitably choose the previous high of 99600 as bait, once again displaying a rising trend to attract funds to take over, and then comes the drop and sell-off, harvesting profits.

I have great confidence that after Trump takes office in January next year, it will break through 130k. Therefore, before the next more intense bull market surge, there must be a deep correction, as it is unrealistic to rise from 67000 to 130000 all at once and continue to rise for half a year. Where will the liquidity come from in between? Therefore, this rise cannot break 100k. Once it breaks, to trigger the sell orders at 100k from the shorts, it must rise to around 120k, which will leave no upward space or adjustment time in January next year.

In summary, my view is that during this enticing upward trend, I will gradually build short positions and sell at key resistance levels, welcoming the upcoming significant drop, which is expected to fall to between 73000 and 80000, and then proceed to the next round of bull market rise.