8.25 Monday Morning Market Overview: BTC continues to rise, bearish forces are strong #杰克逊霍尔会议

$BTC BTC opened this morning with a long lower shadow entity bearish candle, the weekly candle also closed with a long lower shadow entity bearish candle, the bearish forces are very strong, mainly high positions

11.05 dipped and closed back, 11.2 is the temporary support on the 4H chart, there are signs of a rebound for now; BTC is under pressure from the downward trend line, high positions are ambushed at the downward trend line and resistance resonance position 11.42, defend 11.5, targets 11.28 and 11.2; at the same time, a small position can also be taken with a low long position ambush at 11.25, defend 11.2, target 11.4 for a quick rebound

24H total liquidation across the network is 665 million USD, long positions reached 502 million, short positions 162 million; looking at the liquidation map, the area of high leverage long positions is nearly depleted, it seems that the big players are likely to push up and liquidate the high leverage short positions

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