Comparing the liquidation from early morning and this morning: Bitcoin needs to create demand higher than 117388. The short liquidations above Bitcoin have been running since yesterday. Compared to the current small K-line, Bitcoin still wants to push for a higher point, while Ethereum is currently lagging; if going short, it should be done slowly. Ethereum is not recommended for shorting at the moment. For Bitcoin, it's advisable to set the position slightly above the liquidation level; if worried about missing out, then scale in gradually and avoid frequent trades over #BTC .