Current market expectations are twofold: one is that short sellers exit, leading to price fluctuations at high levels or a counterattack; the second is that short sellers continue to enter, and there may be another surge next week to explode the short positions;
Futures are rallying but spot has not followed, with the premium halving, indicating that the main force is unwilling to accept high-level positions, making the short-term speculation very strong.
When there is a strong willingness to buy the dip and to add positions on pullbacks, it is easy to be harvested in the opposite direction by the main force; before the spot remains unchanged, blindly bullish carries a high risk, and attention must be paid to trading volume and the real support of the spot;
A rebound above 119300 short, with a target of 115300, and the 110k level! If expectations are met, 100k is also just around the corner! $BTC