After this wave of BTC rally, the high position shorts have been liquidated. Last night, it pulled back to around 116500, which has support, and now it has entered a new range of fluctuations.

What's strange is that after such a quick surge, the price can stabilize at a high level. Normally, the market should be particularly enthusiastic at this time, and even on weekends, it should continue to rise. But now the sentiment is still similar to before, not reaching an extreme greed level.

This becomes interesting: if it continues to rise, retail investors probably won't chase; if it pulls back, everyone is willing to buy more. But the problem is, this wave of increase was driven by the liquidation of short positions in futures, and it cannot pull back significantly—if it drops too much, it might trigger a chain liquidation of long positions, even falling below 107k.

So for those without positions, it's best to do intraday trading and avoid being 'fuel', and don't stand guard! $BTC #etc