BTC has completed the liquidation of all short liquidity at 103k and even 104k. Of course, I also became part of the liquidity; the highest price of the futures contract above 104k, that extra 100 dollars, was caused by us stopping loss at 104k... 😂

Back to the current market, we can see that the remaining short liquidity above the current price is only at 105k and 106k, and above this price level, there is a complete vacuum of liquidity;

Therefore, at least within this week...

It is unlikely that the price will break through 106k, so in my view, the current situation should have become much clearer:

1. Short liquidity (fuel) is almost exhausted!

2. The total amount of unliquidated long liquidity is relatively high, but scarce near the current price;

Therefore, it can be expected that 100k~106k will become the new oscillation range until the short liquidity above 106k fills this gap, or the long liquidity near 97k completes its accumulation.

For those holding long-term short positions with a high liquidation price, after this round of second-stage rise, everyone must be feeling anxious; in fact, this is exactly when the price is about to start oscillating.