Whale James Wynn: BTC has a huge psychological support level at $100000, with a large number of limit orders between $97000 and $99000

金色财经
金色财经|May 20, 2025 06:59
According to a report by Golden Finance, James Wynn, a whale trader, stated in an article on X platform that Bitcoin has remained within the risk channel since a partial bottom of $74000, only hitting the bottom twice and becoming a support level. He had previously predicted a breakthrough last Sunday, but the result was a false move by market manipulators who suppressed prices and lowered prices to liquidate all investors who were long due to FOMO. Bitcoin currently has a huge psychological support level of $100000, and there are huge limit orders for prices ranging from $97000 to $99000. It is unknown whether those large market participants have the ability to lower the price to this level, as they seem exhausted. I believe the trading price will reach $118000 next weekend, and there will be more fluctuations during this period. However, please remain calm, do not rummage through your wallet, follow appropriate risk management, and look forward to new highs.
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