$BTC

The previous path has been completed, what’s the next step? A healthy pullback is needed here, mainly looking at the support level of 116900. Based on the overall capital inflow data, it seems unlikely to drop in the short term. The liquidation position is at 123600, and there is a high probability that this position will test again. Here is a premise: if a resistance level forms at 121600 in the next three to four days, it’s likely to test the support level of 116900 again, and then go to (123600) to liquidate short positions. This mainly depends on whether the main force is interested in the amount of funds for liquidation.