Market Viewpoints

96500: Will There Be a Collapse Midway?

After a long wait, we’ve finally reached the moment of “one big bullish candle, with thousands of troops rushing in to meet it.”

Bitcoin has returned to the 94000 range and has also broken through the high from December 4th.

We are now very close to the range we are “still expecting”—in fact, we’re closer to 96500 than to 87000. This means that the earlier expectation of a pullback to 87000 on Monday is now highly unlikely.

I believe it’s very reasonable to expect a continued move up above 96500 next.

At present, I don’t see any likelihood of a sudden collapse from here. That’s why my long-term positions are still held.

The SOL long around the 132 price level was detailed in the channel, and there was an entry opportunity during the day. It’s currently up around 8%.

If any of you followed this trade, no need to thank me. Thank @SBF_FTX.

Without SBF, there would be no SOL, and we would have missed out on a lot of fun (or pain).

team #freesbf

I’ll consider hedging after a move above 96500, meaning I plan to hold my remaining positions until then.

I’m interested in shorting above 98000, but I may not actually do it—in fact, I’ve missed many shorting opportunities before. Leave professional matters to the professionals; shorting isn’t my specialty.

The main focus for the FOMC right now is the dot plot, specifically rate cut expectations for 2026. If the FOMC cuts rates in both January and March next year, it will be very similar to the scenario I described earlier.

This article is sponsored by #BCGAME | @bcgame @bcgamecoin