Prepare to take action! $BTC will announce its direction tonight!
Bitcoin is currently facing a showdown around 118,000. A breakthrough of 130,000 will trigger 2.5 billion in short positions, while a drop to 106,000 will liquidate 2.4 billion in long positions.
The current high-level sideways movement is not boring oscillation but a buildup of energy; the next wave of volatility will undoubtedly be intense.
Whether the whales pump the price to squeeze the shorts or crash the market to wipe out the longs, this wave will be brutal. Keep a close eye on key price levels and ensure proper risk management!
Short liquidation points: 119,655, 120,474, 120,869, 121,841-124,148 (final liquidation range for shorts)
Long liquidation points: 117,196, 116,103, 115,648, 115,101-114,282 (final liquidation range for longs)
Strategy for tonight:
Break 118,000, short with a target of 117,000
Stabilize at 117,000-116,500, go long on dips
Specific changes will be announced by Li Ge in the group at the first opportunity, join in quickly to discuss and research together, don’t miss this opportunity!