What is the current status of Bitcoin? Can it hold at 90,000?

Currently, Bitcoin has been hovering around 90,000 for about ten days, mostly fluctuating between the low of 80,000 and the high of 90,000. This week, it is certain to choose a direction. Recently, most retail investors have not bought Bitcoin, hoping it will dip so they can find an opportunity to get in. However, from the perspective of institutions, capital, and major speculators, they are only thinking about how to push the Bitcoin price higher to break through 100,000 dollars or even higher.

When Bitcoin was at the bottom of 70,000 and the high of 80,000, many went short, thinking it wouldn’t rise again. There are still many shorts trapped nearby, and almost no one went long around 90,000 because they are too afraid. Data from the futures market shows that if Bitcoin rises to 100,000, the short data would liquidate 2.1 billion; when Bitcoin dropped to 75,000, the long data would liquidate 2.07 billion. Looking at these two data points, they definitely do not want to come down and take you in. It’s hard to pull it up to 90,000 and then smash it down to 75,000; that’s impossible. It’s hard to rise and then go back down to take you in unless the top of Bitcoin is at 94,000 and the bull market ends. Then it wouldn't just be 75,000; it would drop straight down to 30,000-40,000, and that possibility is almost impossible, don’t even think about it.

So, at this time, how will institutions and capital operate? They will directly push it to 100,000, and I feel it will happen this week or by the end of the month. At this time, most of the shorts between 70,000 and 80,000 will be completely liquidated. Only then is a major correction possible. After all, breaking through the 100,000 dollar round number is not something that can just happen in an instant. If it touches 100,000 and then washes down to 85,000, at that time the market shorts will be wiped out, the longs will harvest again, and it will then return to the 93,000-95,000 range to continue oscillating. This way of operating maximizes institutional profits.

Harvesting back and forth, wildfires cannot be extinguished, and leeks grow again.

Short positions are acceptable for the short term, but do not engage in long-term shorts. Each time with Bitcoin shorts, just take 500-800 points, cut losses in time, and be careful not to get trapped, brothers!

You have also seen that the positions I shared recently basically took profit quickly; just getting a little sweetness is enough. $BTC