Crypto whale sets 10 major targets: Bitcoin won’t rise continuously, with a medium-term target of $100,000 by March next year.
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Whale "Set 10 Big Goals First" posted on X that he has reopened short positions at $76,000, noting the logic is straightforward: "When I opened long positions around $63,000, my stage target was originally $74,000. I still maintain the bull market has returned, and this judgment hasn’t changed. However, I’ve always believed this cycle should be a volatile upward trend, and so far, I haven’t seen enough signals from macro and market structure to support such a trajectory." He has now reduced the vast majority of his short positions. "This isn’t because I’ve changed my judgment, but to control risks. If prices continue to rally sharply here, $82,000 and even $84,000 are possible, so there’s no need to bet my entire position on my judgment being 100% correct. If the daily close is firmly above $80,500, I will admit this trade is wrong, close all positions, and step back for a while. If prices fail to hold here and turn weak again, I will consider adding back the short positions I reduced." The whale reaffirmed his mid-to-long-term outlook on BTC: "I remain bullish on BTC in the medium and long term, but being bullish long-term doesn’t conflict with short-term bearish trades. This short position is a bet on a pullback during the uptrend, not a return to the bear market. If I’m wrong, I will admit the mistake above $80,500. I still believe BTC will hit $100,000 by March next year."
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