Market Trend: BTC Faces Resistance After Surge, Liquidation Risk Rises
Bitcoin briefly approached $97,000 in the short term, market sentiment improved, but the upward momentum has not fully spread. ALPACA led the rally, followed closely by LTC. Current liquidation data indicates: if BTC falls below $95,749, long position liquidations may exceed $180 million; if it rises to $97,749, short position liquidations may also exceed $120 million. Bulls face higher risks, and leverage usage should be cautious. With the Federal Reserve's interest rate decision approaching, U.S. stocks have continued to decline, crude oil has rebounded, the RMB rose after hours, gold has retraced, and the market still faces significant short-term uncertainty.
