$BTC history of 7 consecutive months of increase, will it repeat? (currently 4 consecutive months of increase, must wait for more capital flow and liquidity from shorts to come back in).
$BTC long-term target remains above the 120k region. When there is a slight adjustment, the short ratio is always extremely high because the price is anchored high, and the mindset of the poor thinks it will drop deeply. At that time, there will be strong pump waves occurring (remember the chart follows the flow of money + liquidity).
$BTC price runs according to cash flow and liquidity. Most of the short thoughts will still consolidate the price (considering both the accumulated old shorts and the new shorts coming in is quite large). It is expected that the price will consolidate a new area above 120k.
$BTC Long TP1: 119k TP2:121k (quantity SL) the short ratio is extremely high. news of interest rate cuts will cause capital to flow into gold and crypto.