The short sellers made a lot last night, the pullback isn't over yet!
The short positions opened around 104633 were fully realized, with a liquidation amount reaching 61.18 million, and the shorts had a big win. The price is currently fluctuating around 103600, absorbing orders.
Attention! The next key level is around 102500, where the concentration of long positions in the liquidation zone is even greater, with a liquidation intensity reaching 74.15 million.
I expect this wave to continue the pullback to touch 102500, clearing out this batch of long positions—then? A strong rally without looking back!
Long traders should pay attention to the rhythm; the pullback is an opportunity, not a panic. Make steady arrangements, and continue to profit.