Analysis: If BTC breaks through the resistance level of $90000, it may lead to the liquidation of $1.6 billion due to "short squeeze"

According to Cointelegraph, the gap in Bitcoin futures on the Chicago Mercantile Exchange between $85000 and $86000 was not filled last weekend. Currently, the possibility of Bitcoin turning to an upward trend in liquidity is increasing, and triggering liquidation above $85000 may further drive the bullish trend, causing Bitcoin to reach a new high and transform $85000 into a new support level. If this happens, the next key resistance level will be at $90000, which could result in over $1.6 billion of short positions being liquidated, retesting the resistance level of $95000 above. Bitcoin analyst Mark Cullen warns that Bitcoin prices will continue to experience corrective volatility, which means further sideways consolidation before a bearish squeeze occurs.