According to Coinglass data, over 119,600 people have been liquidated in the past 24 hours, with the liquidation amount for short positions reaching 285 million USD! In the past 12 hours, 240 million was liquidated, 77.1 million in 4 hours, and another 14.54 million in the last hour. Ethereum briefly surged to 1968, approaching the 2K mark, eager to test it; while Bitcoin's intraday high pointed directly at 99863, just a step away from 100,000!

Many believe that 100,000 and 2000 are strong resistance levels, and a pullback is imminent, with many jumping on board to short. But have you really thought it through? The weekly K-line pressure is still far away, and there is still room for a rally on Friday; however, by Saturday and Sunday, liquidity is insufficient, increasing the probability of a pullback after a surge.