BTC is currently in a key liquidity zone, with market-making funds looking for trading opportunities around high-density order areas.
There are a large number of long position liquidation orders near 118,000 USD below. If the price reaches this level, it may trigger concentrated stop-losses, leading to a short-term acceleration. However, this area may also become a rebound starting point after liquidity absorption.
Above, the 122,000 USD area is gathering stop-loss orders for short positions. Once the price breaks through, it may trigger proactive liquidation buying, driving the market to extend above 125,000 USD.
Overall, this is a typical liquidity-driven pattern. In terms of operation, attention should be paid to the trading reactions in these two key zones mentioned above, avoiding premature entry before confirmation.
