BTC faces the 100,000 integer level, small-level liquidity research⬇️
BTC touched 99,600 last week and then the price fluctuated and fell. The decline was not large, but the shape may be the head and shoulders top/arc top shape.
Logically, 99,000 is very close to 100,000. At 99,600, there should be a large number of people betting that it will soon break through 100,000. The car is heavy and the market is cooling down.
In the short term, this wave of rebound is still going down from the high point, and the 1-hour low point is also going down. According to this form, there may be a downward wave.
From the perspective of the trend line, after the red line breaks, look at the green line. The green line has not been touched yet, and the green line overlaps with a new low liquidity area in a shock range. This point will attract the price trend. Therefore, I think it is highly likely that we will soon see BTC at 94,000-95,000. After it reaches the point, it may rebound or fall through.
The logic of the rebound is that breaking 95,000 will establish this head and shoulders top, which will induce short selling, and after inducing short selling, it may pull the market. If it falls below, it will be a real head and shoulders top, and it will break. It will pull back to the first fib support of the large-scale upward trend, around 87,000.
