Strategies can yield gains and losses, but now is a great time to go long.

When the 9 o'clock dip reached around 118,500, leveraged long positions of $8 million were liquidated. Simultaneously, there was a short position of over $20 million. This was immediately noticeable, but it also made sense. Someone had recently shorted Bitcoin and bought Ether. Therefore, their Bitcoin short positions were liquidated during the Ether market crash.

How does this relate to subsequent market trends? A significant amount. We've already seen the rapid rebound triggered by this sudden drop in pressure. In the future, few will dare to chase short positions, preferring to wait for higher levels. These intermediate short positions will trigger a new round of competition with Bitcoin bulls trying to cover their positions.

The market's M-shaped top is more complete, and there's a willingness to test the neckline upwards, which is welcome news for whales. They also expect short positions at higher levels to yield slightly. This will also liquidate the heavily leveraged positions that followed the short position. So the ideal result here is to go long, first look at the test around 112500, break through and attack 114000 thrilling, or it may fall back. In any case, it will not be wrong to go long in the short term $BTC