#BTC重返10万

Yesterday, a wave of rise led to the complete liquidation of short liquidity at 104k for Bitcoin.

Looking at the current market, we can see that the short liquidity above the current price is only a remnant from 105k to 106k, and above this price level, there is a completely empty liquidity gap;

Therefore, at least within this week,

It is unlikely that the price will 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.

Therefore, we can expect that the range of 100k to 106k will become the new oscillation zone, 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, especially those with a high liquidation price, after this round of second wave rise, they must be filled with trepidation, but in fact, this is exactly when the price is about to start oscillating.