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Bitcoin's recent rally has reached a crossroads. From the 90,000 region straight up to 97,500, the gains are indeed eye-catching. But upon closer inspection of this level, the issue becomes clear—the resistance zone between 98,350 and 98,650 is no trivial matter.
Why might this be the golden point for distribution? Think about market psychology. In a bullish trend, retail investors chase higher prices, their emotions running high, applause all around. It is precisely at such moments that institutions and large players often quietly reduce their positions. Greed is a human weakness, and the final cheer often comes with the deepest dips.
From a technical perspective, the 6-8 hour V-reversal has confirmed its strength. From this angle, shorting around 985 is indeed a good opportunity. The distance between 98,500 and 100,000 is only 1,500 points, and the stop-loss space isn't large. For a market of this size, setting up short positions at this heavy resistance level offers a very attractive risk-reward ratio. The probability of reaching 100,000 is not just a pipe dream.
Trading is about probability and risk ratio. There are clear rules at this level.