Last time, over 110,000 short positions were relatively normal, but this time, breaking over 110,000 short positions is completely unbalanced. The more you short, the more it rises; the more it rises, the more you short, trapped in a deadlock 😂. The only way to resolve this situation is to go long

BTC

Currently showing an overall upward trend, after reaching a high point it has pulled back from the upper trend line, but still remains above the long-term moving average, with bulls still in an advantageous position. In the short term, it is likely to continue with a slight pullback, especially considering the appearance of upper shadows at the 4-hour peak and signs of flattening in the short-term moving averages, indicating a weakening of short-term bullish strength.
Clearing chart: Consider entering long at 105650.
The current 1-hour line has broken through the upper trend line, creating a breakout that may tempt buyers. My personal view is that it will first retest around 105650, and then it will really move towards → 109000.

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