Looking at the chip liquidation map for ETH and BTC, it feels like a double explosion for both bulls and bears!
ETH chips are mainly concentrated in the 2700-2850 range, which is also a high-leverage contract area. It just touched around 2718, and basically all high-leverage long positions have been liquidated, with a maximum of going down to 2700. It seems like it needs to clear out high-leverage shorts, with a rebound aiming for 2800-2835!
BTC chips are mainly concentrated in the 106000-111000 range, which is also a high-leverage contract area. It just broke 107000, let's see if it will dip to around 106000 and then start to rebound. The upper limit is first looking at the maximum resistance level of 110000, and on the 4-hour chart, after the SKDJ golden cross, a rebound begins;
