$BTC Bitcoin has strongly broken through the key resistance level of 🚨101,400 US dollars, and the shorts below this position have basically been cleaned up.
Now that the price has come above $103,000, it is difficult to find an obvious short concentration area in the market. #山寨币热点
To be honest, this wave of rise really caught many people off guard. It is indeed unexpected that Bitcoin can have such a strong market without the stimulation of major positive news. But a careful analysis of the market structure will reveal that this wave of rise is actually traceable.
There are two key reasons: First, the shorts continue to increase their positions at high levels. As prices rise, many bearish funds continue to increase their positions and short, but they are forced to short by the market. The passive closing of these short orders further pushes up prices. Secondly, the bulls are cautious. Except for a wave of obvious bulls entering the market near $92,800, buying is relatively restrained at other times.
This has created a very interesting situation: on one hand, the shorts are constantly pushing up prices in a "self-destructive" manner, and on the other hand, the longs are afraid to chase the rise easily. This unbalanced market structure ultimately led to this unexpected rise.
The future market trend mainly depends on two points: whether the shorts dare to continue shorting, and whether the longs are willing to take over at high levels. If the shorts admit defeat and retreat, and the longs dare not enter the market, the market may enter a relatively balanced state. At this point, investors are advised to remain vigilant, guarding against possible callback risks, and also pay attention to new direction choices that may appear in the market.
The layout of the altcoins has shown that the strong targets of this round have already appeared. $PNUT and $PEPE can be bought, and they are optimistic in the long term.
Other on-chain opportunities: #特朗普概念币 Conan's momentum remains unabated
Conan is known as "Trump's Dogecoin"🔥This narrative is really invincible
Community continues to build. Currently 3 institutions are cooperating (reported)
If you are missing a high-growth layout, you can take a look.
