#BTC重返10万 Yesterday, a surge cleared all the short liquidity at 104k for Bitcoin.

Looking at the current market, it can be seen that there is only residual short liquidity remaining from 105k to 106k above the current price, and above this price level, there is a complete vacuum of liquidity;

Therefore, at least within this week,

the price is unlikely to break through 106k, so in my view, the current situation is:

1. Short liquidity (fuel) is almost exhausted!

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

3. The funding rates of the three major exchanges have all returned to normal.

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