Is the BTC price going to surge to 100,000?

The target position is definitely around the 100,000 line, but will it reach 100,000 that quickly? Before hitting 100,000, there is a very important and relatively wide pressure zone, [94600-96000]. Although this range will eventually be overcome by the main force, it is a resistance area that can cause price stagnation in the short term. So it deserves some respect. When the 96000 line is effectively broken through and stabilized, then we can talk about 100,000.

Currently, the price is moving in a relatively smooth pattern, mainly because the selling pressure above is not significant, with one wave of continuous declines followed by a wave of violent washout, leaving the bears in a tough spot. It will take some time for the bears to regroup. So in the short term, look for low buy positions, small dips for buying, and big dips for substantial purchases. A more reliable effective support range below is [90800-91200], but it may not necessarily retrace to this level today. I think if the price can retrace to this level in the next couple of days, those who are out of the market might as well enter a position, and if it breaks below, they can add to their positions. Unless there is an extremely strong bearish signal, we can still hold off on the small essay for tomorrow.

Additionally, pay attention to a closer support level, which is around the 91900 line. If this holds, then the [90800-91200] range will naturally not be an issue.

To summarize, if you really want to short, wait for the price to reach the large resistance zone [94600-96000] before proceeding. Otherwise, just focus on the support levels below, one at the 91900 line and the other at the [90800-91200] range.