$BTC $ETH

The market has come down, and there are 122700 open short positions, so let's defend the cost for now.

If the 15-minute candlestick can reclaim and stabilize at 121995, we can consider exiting; the cost defense is likely to be broken.

After all, a slight drop will be pulled back, and if the price breaks 112700, the short positions on the left side from 122700 to 123300 can be abandoned. Today, there is a significant amount of liquidity between 124000 and 125000 on the liquidation heatmap, and there is a probability that it will not consolidate next week, with a good chance of seizing liquidity near the new highs.

Conversely, if the 15-minute candlestick breaks below 121650, the first target is to close at 120800, and the second target is near 119650.

Ethereum has short-term support at 4416 and 4375; if the latter can be reached, those who are trapped in shorts can consider exiting for new structures.