The shorts of Bitcoin (BTC) seem to be very smart. They quickly left the market after the price rose, leaving behind some investors who took over at high prices. At present, according to the liquidation data on the 7th and 30th, the short positions have been basically liquidated, while the longs have shown an overwhelming advantage. In the context of this serious imbalance between long and short forces, the market trend can only reverse when large funds meet expectations and close long positions, and retail investors begin to take over. This is because closing long positions is equivalent to opening new short positions. Investors can clearly see the short position explosion line, but the long position stop profit line is invisible.

In this bubble blowing competition, whoever can make a profit and cash out in time at the high point will be the winner. Changes in market sentiment and key resistance levels will have an important impact on the short-term and long-term trend of Bitcoin. Investors need to pay close attention to market dynamics, be prepared for both hands, conduct band operations within the range, and pay attention to risk management.