$BTC УЖЕ НА $87K, AND NOW I’M GETTING SOMETHING THAT’S NOT ABOUT ME.
One candle wiped out an enormous amount of shorts, and the high already reached $87,374.
RSI6 — 95.12.
J — 103.4.
According to the textbook, this looks like insane overbought conditions.
But crypto rarely asks the textbook when the real squeeze begins.
And here’s what worries me most right now.
If this rally is truly built mainly on short liquidations, then buyers are currently getting a perfect picture: “OK, $100K is already close.”
The problem is that after the shorts have been squeezed out, the market needs a new buyer in order to keep pushing the price higher.
This is exactly where I’d be careful.
Because if fresh money continues to come in—$100K becomes absolutely real again, a level the crowd will fight for.
And if the inflow of buyers starts to weaken, the market can very quickly test how much of this rally was genuine demand, and how much was simply a cascade of liquidations.
Right now, I definitely wouldn’t try to guess the top.
I’m more interested in seeing what happens after $87K.
Will buyers keep pressing— or is that exactly where they start distributing to the greedy?
I have a feeling that the next move $BTC will be much more interesting
One candle wiped out an enormous amount of shorts, and the high already reached $87,374.
RSI6 — 95.12.
J — 103.4.
According to the textbook, this looks like insane overbought conditions.
But crypto rarely asks the textbook when the real squeeze begins.
And here’s what worries me most right now.
If this rally is truly built mainly on short liquidations, then buyers are currently getting a perfect picture: “OK, $100K is already close.”
The problem is that after the shorts have been squeezed out, the market needs a new buyer in order to keep pushing the price higher.
This is exactly where I’d be careful.
Because if fresh money continues to come in—$100K becomes absolutely real again, a level the crowd will fight for.
And if the inflow of buyers starts to weaken, the market can very quickly test how much of this rally was genuine demand, and how much was simply a cascade of liquidations.
Right now, I definitely wouldn’t try to guess the top.
I’m more interested in seeing what happens after $87K.
Will buyers keep pressing— or is that exactly where they start distributing to the greedy?
I have a feeling that the next move $BTC will be much more interesting