Highest at 110367, we short at 110327, almost the highest point shorting

Btc Analysis

1: The position size hasn't decreased, and major players are still going long. The long-short ratio is 0.5, with many retail investors shorting in the short term. Be cautious of spikes; currently, there are 120,000 accumulated short positions with a liquidation value of 1.8 billion, and 98,000 accumulated long positions with a liquidation value of 11.2 billion.

2: In just 4 days, it has recovered 15 days of decline; the bulls are strong, but it has now reached the previous high around 110,000. It is not recommended to chase long positions as the risk-reward ratio is not high; pay attention to the resistance level at the previous high indicated by the white line.

3: Be cautious of a false breakout at the previous high of 110,600 before dropping down; strong support is at 106,800.
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