It's the weekend, let's take a look at the distribution of futures liquidation map under the long cycle of big pie;
During the March cycle, last night's drop liquidated the last wave of long liquidity in the range of 100,000 to 110,000, causing the current balance of long and short liquidity in the futures market to be disrupted again, with high short liquidity becoming the heavier side of the scale;
If the price does not intend to break below the lower edge of the 100,000 range, then the final target of the subsequent market will head towards 114,700...
However, liquidity distribution beyond one month usually has a higher degree of distortion, because the liquidation map only marks the liquidity after futures positions are opened, while closing positions will not be displayed. Therefore, we cannot know exactly how much liquidity is left in this dense short liquidity liquidation area at high levels;
After all, the price could have directly penetrated before, but it chose not to liquidate and turned around due to the conflicts in the Middle East...
This has made subsequent liquidity analysis even more difficult...
