#BTC重返10万 Yesterday, there was a wave of rise, and Bitcoin completed the liquidation of all short liquidity at 104k.

Returning to the current market situation, it can be seen that there is only remaining short liquidity 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,

It is impossible for the price 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 all three major exchanges have returned to normal.

Therefore, it can be expected that 100k~106k will become the new fluctuation 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, they must be quite anxious, but this is exactly when the price is about to start fluctuating.