Yesterday I also mentioned that BTC's sentiment hasn't fully dissipated before it was pulled down
There will still be developments ahead
But I indeed made a mistake
I thought the storyline would be multiple attempts to break 110k and failing
But it turns out they didn't take 110k seriously, and now it continues to surge
It seems the desire for Bitcoin is soaring (laughs)
Anyway, the market has already moved, so let's analyze based on the facts
Why did I say the sentiment wasn't over when it dropped yesterday?
Because at the peak, the spot premium was very high
This means that retail investors' high-leverage FOMO to buy hasn't come yet
Only when retail investors frantically buy, does the overall leverage of the longs increase rapidly, and the open interest also rises quickly
This creates a sufficient buffer zone for those big long positions, making it easier for them to close their positions
That is the true signal of a peak
Currently, there are signs of this, but whether it will actually happen
Depends on when we see a daily candlestick with a long upper shadow and high volume
#BTC再创新高 $BTC