Recently, the BTC market has been caught in intense fluctuations, with both bulls and bears engaged in a heated battle, and price movements resembling a seesaw, erratic and unpredictable. From the past three days' liquidation data map, the market has formed two major key liquidation zones: the upper resistance level at $106,680 and the lower support level at $104,500 have become the main battleground for the bulls and bears, in addition, $103,747 also constitutes an important node in the bullish defense line.
Specifically, when the BTC price hits $106,680, the bearish camp will face a wave of forced liquidations valued at approximately $199 million; whereas if the price dips to the key support level of $103,700, over $300 million in accumulated bullish positions will confront liquidation risks. It is worth noting that after experiencing a phase of rebound, the market's chasing sentiment has significantly intensified, with a large number of bullish positions piling up at the lower key price levels, forming a potential "liquidation minefield." It is advised that investors remain rational, avoid blindly chasing prices, and ensure proper position management and risk hedging.
