Soaring 15%! Shorts are getting slaughtered, $100 is in sight!

Don't fight the trend, that's the iron rule of crypto.
Look at the current chart, shorts are being crushed on the ground. This is the stage for longs.
Technically, the candlesticks are tightly hugging the upper Bollinger Band and surging upward.
The indicator did show two "overbought" signals, but that just means buying pressure is too strong to suppress.
In a strong trend, overbought is not a top signal but a sign of strength.
From a capital flow perspective, shorts around $94 have been mostly cleared out.
Resistance above has lightened, and the main force can push the price flying with just a gentle nudge.
More importantly, the cost basis of the main funds is around $8, so they are sitting on massive paper profits and holding their chips firmly.
Plus the bullish news of Kraken exchange's acquisition and buyback, this wave has strong fundamentals.
My trading strategy is straightforward: for longs, wait for a pullback to the $93-$92 range to find an entry. The first target is $98, and the second target is directly the $100 mark.
For shorts, you can watch around $100-$99, but it's only a short-term opportunity.
Don't be afraid of high prices now. As long as the key support at $90 holds, the bullish trend will not change.
Once a trend forms, it doesn't end easily.
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