Back to the current market, we can see that the bearish liquidity above the current price is only the remnants of 105k and 106k, and above this price level, there is a complete vacuum of liquidity;
Therefore, at least within this week...
It is impossible for the price to break through 106k, so in my view, the current situation should be much clearer:
1. Bearish liquidity (fuel) is almost exhausted!
2. The total amount of unliquidated bullish liquidity is high, but it is relatively scarce near the current price;
Therefore, it can be expected that 100k~106k will become the new fluctuation range until the bearish liquidity above 106k fills this gap or the bullish liquidity around 97k completes its accumulation.
For those holding long-term short positions with a high liquidation price, after this round of second-stage rise, they must be feeling anxious, but in fact, this is exactly when the price is about to start fluctuating.
Are you stuck? When to buy the dip? As always, if you are confused and don't know what to do, click on the avatar to comment. I need fans, and you need references.
