Bitcoin has finally broken through the remarkable $100,000 mark, marking a milestone moment. The peak reached around 104500, but unfortunately, many people did not dare to hold that high. Personally, I took profits at 98400 with a spike to 10200. The first chart below shows the current entry point.
In the coming time, we need to see if it can stabilize this week. If the price remains above $100,000, it can continue to rise, with plenty of upward space remaining. Investors who are short must operate cautiously at this time, otherwise they may face the risk of liquidation.
Today, breaking through $100,000 is not due to favorable news from the market, but is expected to be the result of the demand for harvesting retail investors. The liquidation price for most short positions below is around $100,000, but once it breaks through, the market makers may not need to deliberately push it higher. In this situation, who would dare to recklessly short? When one is hesitant or afraid to short, it is often when the market makers are starting to prepare for a downward trend. This is the time we should wait for the right opportunity and not be swayed by market changes. As long as position management is done well and we follow the footsteps of the market makers, we will surely become the final winners.
Conservatives continue to hold at 102500/3000, not chasing long positions.
Dare you to hold? Leaving footprints below #BTC新高10W #历史见证者打卡
