BTC current price around 81,000
Last night the highest wick pierced to 81,700. The market is extremely, extremely strange—everyone please get your risk ready ⚠️
The chart looks very odd. Right now it’s ranging around 81,000, at a position very close to the prior high before a breakout.
Following this insanely crazy market and the momentum-chasing sentiment, it surged sharply up—then it waits and consolidates around the prior high. This move is very strange.
First, the market’s chase-up sentiment is very strong. At the 81,700 level, it has almost already pierced through all the resistance levels. Reaching this point means there’s hardly any “fool” left who would sell—everyone is waiting for Bitcoin to continue breaking to new highs. Above, there’s almost no sell orders. Below, it’s all buy orders.
Right now it’s stalling near the prior high instead of making a big push upward. This is a very strange, suspicious action.
I think Bitcoin will either give a big surge directly over the weekend. If it doesn’t break the prior high during those two days, then next week everyone should be careful about the risk of a pullback.
Last night the highest wick pierced to 81,700. The market is extremely, extremely strange—everyone please get your risk ready ⚠️
The chart looks very odd. Right now it’s ranging around 81,000, at a position very close to the prior high before a breakout.
Following this insanely crazy market and the momentum-chasing sentiment, it surged sharply up—then it waits and consolidates around the prior high. This move is very strange.
First, the market’s chase-up sentiment is very strong. At the 81,700 level, it has almost already pierced through all the resistance levels. Reaching this point means there’s hardly any “fool” left who would sell—everyone is waiting for Bitcoin to continue breaking to new highs. Above, there’s almost no sell orders. Below, it’s all buy orders.
Right now it’s stalling near the prior high instead of making a big push upward. This is a very strange, suspicious action.
I think Bitcoin will either give a big surge directly over the weekend. If it doesn’t break the prior high during those two days, then next week everyone should be careful about the risk of a pullback.
