This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin is trapped between two critical zones:
$86,000: Area with open longs. If it falls here, everyone gets liquidated.
$90,000-$91,000: Key resistance with a lot of accumulated liquidity. Breaking this level would be explosive.
What is the logical move?
First sweep the $86K, liquidate all longs, and then push upward to attack the $90K-$91K.
That's how markets work: they liquidate first, then push.
The liquidity below has already been absorbed in the last drop. All the longs that existed were closed.
Above $90K is where all the interesting liquidity is. That's where the game is.
First sweep $86K, then go up to $90K.