Will BTC soar to the sky and directly rise to 100,000?
1) Order Book: The sell orders are heavily stacked, and based on past data, the price is likely to undergo a downward correction; 2) ETF Institutions: Under the favorable CPI data, there was a net inflow of 750 million USD; the biggest contributor to the rally; 3) Four-hour chart: The bullish volume has not shown a dominant volume and is not absolutely strong.
If the bullish volume diminishes later, the price may retrace to around 92,000.
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Will BTC soar to the sky and directly rise to 100,000?
1) Order Book: The sell orders are heavily stacked, and based on past data, the price is likely to undergo a downward correction;
2) ETF Institutions: Under the favorable CPI data, there was a net inflow of 750 million USD; the biggest contributor to the rally;
3) Four-hour chart: The bullish volume has not shown a dominant volume and is not absolutely strong.
If the bullish volume diminishes later, the price may retrace to around 92,000.