$BTC skyrocketed past 125,000! Bears completely wiped out, is the next stop the 126,000 liquidation zone?
The market did not go as expected: those waiting for a pullback were left empty-handed, as the price directly broke through 120,500, and all the short positions placed over the weekend were completely wiped out by the market.
Now, for the price to continue pushing up to a higher liquidation zone, two conditions must be met: first, the price must fluctuate around a high level, making the bears unable to resist entering the market; second, the spot market must go crazy, directly pushing the price close to 126,000.
My analysis logic is very simple: when the price is going up, focus on shorting at high levels; when the price is going down, only then consider the longs being liquidated.
As for new positions entering to go long, it is not easy to get them liquidated; the price must break below 118.3k, and it must be confirmed as a false breakout of the original range before it's worth noting.
A pullback will come sooner or later, but those who can wait for it are less than half. Now, stubbornly holding onto short positions is like picking up shells during a tide, where the risks far outweigh the opportunities.
The market is dull; take in the brothers who have been liquidated, DM me to receive the recovery password!
