$BTC
In the past few days, the trend of the big pancake has shown that each small rebound is slightly higher than the previous peak, and when the bears chase, they get liquidated.
The main force relies on this kind of indecisive rhythm to push the short positions to the rooftop.
Looking at 103000, which was originally considered a support area, the liquidity has now been fully replenished, turning into a complete strong bullish liquidity base.
Simply put, as soon as the price drops, there are bulls waiting to catch the falling knife below. With large volume, it’s enough for the main force to clear a wave.
The previous low and high range, namely 104800, has been recaptured, so it can be seen as an important short-term support. In this vicinity, the price may undergo a minor correction.
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