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Recently, BTC's daily chart performance has been quite interesting — the amplitude is gradually narrowing, and the overall trend looks like it's building towards the end of a triangle consolidation. At this pace, there should be a directional change within a week.
I tend to believe that an upward breakout has a higher probability. Looking at historical trends, BTC has not experienced a significant rebound after dropping from high levels. This time, being repeatedly oscillated around 88,000, might actually be a precursor to a major move. Once an upward breakout is confirmed, reaching 100,000 won't be that far away.
The key is to keep an eye on the 84,000-93,000 range. Interestingly, over the past week, ETF funds have been continuously net outflowing, but BTC hasn't dropped much. This resilience often indicates accumulation. So if this breakout really happens, the momentum shouldn't be too weak.
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ETF outflows are still holding up, indicating that big players are fiercely defending the market.
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Is there really someone still waiting for a rebound? It was obvious to go long a long time ago.
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I've been watching the 84-93 range for a week, and I feel it's still leaning towards a breakout.
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If the 100,000 level really breaks, I'll go all in directly.
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Resilience has fooled me too many times; don't let me down now.
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It feels like this wave is truly brewing, much more confident than last time.
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Starting to draw lines again, classic move indeed.
ETF net outflows can't be stopped, what does that mean...
Breaking 100,000 shouldn't be a dream, betting on it
This kind of consolidation will either explode or drop, no middle ground
I'm also waiting for that signal...
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The triangle consolidation is about to break out, let’s bet on a breakthrough.
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This 88,000 level is really a bit spooky, it always rebounds.
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Is 100,000 really that close? I feel like it’s still early.
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Strong resilience? I think it’s just the main players eating up the chips.
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Net ETF outflows still don’t lead to a drop, what does that mean… Retail investors have all fled.
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It’s either accumulation or a precursor, I’m tired of hearing these excuses…
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Breakthrough is possible, but I’m more afraid of a false breakout.
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The 84-93 range is a handshake agreement, waiting for the direction.