#BTC

BTC Market Analysis:

The recent trend of Bitcoin has indeed been quite controversial, with an overall weak trend and a slight downward tendency. The situation of spot inflow has also weakened, creating a rather pessimistic feeling, as if it's running out of steam. However, the inflow of futures has been quite good, seemingly indicating that more people are accepting the prospect of new highs, even reaching 120,000!

Looking at the smaller time frames, the sideways consolidation has been frustrating! There is no particularly obvious direction, and it is mainly driven by futures liquidation activities. At the same time, taking a look at the liquidation map data, liquidity has begun to accumulate around 107,000 above, while liquidity accumulation around 102,000 below is also quite noticeable. Now, it just depends on how the liquidation will proceed?

Personal advice: With Bitcoin's high-level sideways consolidation being indecisive, wait for a clear direction before taking action, or consider shorting. 106,000 serves as the central point, with the upper range of 109,000-111,000 acting as the high-level area!