The Bitcoin liquidation chart shows that the current key liquidation prices for shorts and longs have been determined. On the short side, we need to be wary of 58856, 59280, 59710, 60137 and the distant 60564 points, especially the possibility of breaking through the 61000 mark in the short term is low.
On the other hand, the bull camp's defense line is built at 58002, 57575, 57148 and the more critical 56300 to 55880 range, which is the last place for bulls to hold on.
In view of the CPI data to be released on Wednesday, the market generally expects that the market will remain volatile until then, and it is difficult to make a significant breakthrough. Coupled with the current lack of liquidity in the market, bulls will face severe challenges once the price drops, as the rebound will be limited and it will be difficult to quickly recover lost ground.
In addition, market trading has been light recently and price fluctuations have flattened, which has further aggravated the wait-and-see sentiment in the market. Therefore, it is recommended that investors remain cautious at the current stage, rest and observe, and wait for clearer trading opportunities to appear.