What happened yesterday was a massive liquidation of late longs 🔽

Bitcoin rose to $103,040 and then plunged 11.3% to $92,000, punishing those who decided to open long positions after the $100,000 breakout 📉

📆 The funny thing about this situation is that this has happened before, the first time Bitcoin topped the $1,000 mark for the first time and the second time at the $10,000 breakout.

Lesson: After the price of an asset reaches a long-awaited price with a round number that serves as an important psychological marker - be prepared for a quick price reversal 👨‍🏫