$BTC liquidity distribution is unfavorable for bulls. The price is slightly below the current liquidation zone for bulls (since August 5), and if it continues to pull back today, it may trigger a liquidation targeting $110,000.

The liquidity distribution risk is high, and there are contradictions between the data and technical aspects, making it difficult to judge.

Before the pullback, the spot premium was high, so I didn't dare to short; after last night's pullback, the premium dropped to a low level, and the price was supported by the left-side support level, making me hesitant to go long. After fixing the trading system, trading opportunities have decreased, and the strategy is still short. Let's just continue to watch~