The bulls are still here! Bitcoin has just completed a wave of long position liquidations. The main factor is that the market has grafted a large number of long contracts in the past two days, especially Bitcoin, with an astonishing amount of open interest that is jaw-dropping. As a result, some liquidation was inevitable; this drop is considered by the medal to be a quick washout process, not the end of a bull market or a trap for the previous rise, but simply a cooling down of the longs. Based on the current situation, the medal predicts that the BTC price will return to around $110,000 within 48 hours.

Therefore, this is a good time to build long positions, and participants can engage in long trades with low leverage. Here, we primarily recommend BCH, JUP, and AVAX for a quick recovery.