In the short term, the long liquidity of BTC futures has not yet been fully liquidated. If we only look at the high-density liquidation area, it seems that anything above 111500 counts...

So the expectation for Friday is that optimistically, there will be another liquidity grab with a new low spike, and pessimistically, it will just continue to maintain this downward trend with a grinding decline.

This market is most frustrating when it either only goes up or only goes down...

The gradual rise and gradual fall are especially sickening! ​​​